Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO. Date May 1 5 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost Units Sold at Retail 320 units @ $17 305 units @ $19 225 units @ $27 185 units @ $20 175 units @ $28 15 24 Multiple Choice O $2775 O $6,960 0 $7,975 O $14,935