Salmone Company reported the following purchases and sales of its only product. Salmone uses a perlodic Inventory system. Determine the cost assigned to cost of goods sold using FIFO Date May 1 ActivitiesU units Acquired at Cost 280 units $13 285 units $15 Units sold at Retail Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales 205 units$23 165 units@$16 155 units $24