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 Date May 1 May : May 10 May 15 May 24 Units Acquired at Cost 190 units @ $10 - $1,900 260 unit @ $12 - $3,120 Activities Beginning inventory Purchase Sales Purchase Sales 180 units @ $20 140 units @ $10 - $1,820 130 units $21 Multiple Choice $6840 $3,310 $3110 $3.370 $3.500