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.

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost Units Sold at Retail,$],[$May $1,$Beginning Inventory,$280$ units @ $$13,],[5,$Purchase,$285$ units @ $$15,],[10,$Sales,$165$ units @ $$16,205$ units @ $$23],[15,$Purchase,,$155$ units @ $$24],[24,$Sales,,$]]$

Multiple Choice

$$5,715$

$$4,840$

$$5,360$

$$5,000$

$$5,555$