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 Date May 1 5 10 15 24 Units Acquired at Cost 180 units @ $13 235 units @ $15 Activities Beginning Inventory Purchase Sales Purchase Sales 155 units @ $23 115 units @ $16 105 units @ $24 Multiple Choice $4.005