Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic Inventory system. Determine the cost assigned to cost of goods sold using FIFO. Units Sold at Retail Units Acquired at Cost 250 units $10 270 units & $12 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 190 units $20 150 units ! $13 140 units $21 Multiple Choice $2,590 $4,230 $4,100 $3,860 $3,450