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 200 units @ $15 5 Purchase 245 units @ $17 10 Sales 165 units @ $25 15 Purchase 125 units @ $18 24 Sales 115 units @ $26