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. Units sold at Retail Date May 1 5 10 Units Acquired at Cost 300 units @ $15 295 units @ $17 Activities Beginning Inventory Purchase Sales Purchase Sales 215 units @ $25 15 175 units @ $18 24 165 units @ $26 Multiple Choice $6,460 $5,860 $6,040 $6,625 $6.805