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 Sold at Retail Units Acquired at Cost 160 units $10-$1,600 230 units $12 - $2,760 150 units $20 110 units @ $13-$1,430 100 units $21