Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic 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
5	Purchase	295 units @ $17
10	Sales		215 units @ $25
15	Purchase	175 units @ $18
24	Sales		165 units @ $26

Multiple Choice

• $6,040

• $6,030

• $5,860

• $6,635

• $6,625