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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

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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, Units Sold at Retail Units Acquired at Cost 270 units $12 280 units $14 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Salon 200 units $22 160 units # $15 150 units @ $23

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