Salmone Company reported the following purchases and sales of its only product Simone uses a periodic inventory system. Determine the cost assigned to cost of goods sold in FIFO Date Retivities Units Required at coat May 1 Beginning Inventory Units sold at Retail 260 units. 511 5 Purchase 275 units $13 10 sales 195 units $21 15 Purchase 155 units. 514 24 Sales 145 units $22 Mos Choice $3.900 54.340 SO 54.565 O $4.640