Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost goods sold using FIFO. Date Units Sold at Retail May 1 5 10 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 290 units @ $14 290 units $16 15 210 units @ $24 170 units $17 24 160 units @ $25 $11,590 $6,250 oo o o o $6,080 $5,510