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 May 1 Beginning Inventory 290 units @ $14 Purchase 290 units @ $16 Date 210 units @ $24 5 10 15 24 Sales Purchase Sales 170 units @ $17 160 units @ $25 Multiple Choice $11,590 $5,340 $6.250 Multiple Choice $11,590 $5,340 $6,250 $5,510 $6,080