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 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 150 units $10-$1,500 220 units $12 - $2,640 Units Sold at Retail 140 units @ $20 90 units @ $21 100 units @ $13-$1,300