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 Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 350 units @ $20 5 Purchase 320 units @ $22 10 Sales 240 units @ $30 15 Purchase 200 units @ $23 24 Sales 190 units @ $31 Multiple Choice O $9,880 O $8,760 O $9,650 O $8,990 O $18,640