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. Activities Units Acquired at Cost Units Sold at Retail Date Beginning Inventory 230 units @ 18 May 1 Purchase 260 units e $20 5 180 units @ $28 10 Sales 15 Purchase 140 units $21 130 units $29 24 Sales