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 190 units @ $14 240 units @ $16 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 160 units @ $24 120 units @ $17 110 units @ $25 Multiple Choice O $4,600 $3.940 $4.430 O $4,110 O $8,540