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	210 units @ $16
5	Purchase	250 units @ $18
10	Sales		170 units @ $26
15	Purchase	130 units @ $19
24	Sales		120 units @ $27