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 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase sdges Units Acquired at Cost 210 units @ $16 250 units @ $18 170 units @ $26 130 units @ $19 120 units @ $27 Multiple Choice $5,530 $4,800 $5,340