Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO Date Activities Units Acquired at Cost Units sold at Retail May 1 Beginning Inventory 300 units @ $15 May 5 Purchase 295 units @ $17 May 10 Sales 215 units @ $25 May 15 Purchase 175 units $18 May 24 Sales 165 units @ $26 Multiple Choice O $6,460 $5.960 56,040 56,625 $6.005