Salmone Company reported the following purchases and sales of its only product Salmone uses a inventory system. Determine the cost assigned to cost of goods sold using FIFO Date Activities Beginning Inventory Units Acquired at Cost 170 units $12 230 units $14 Units Sold at Retail May 1 5 Purchase 10 Sales 15 Purchase 24 Sales 150 units @ $22 11e units $15 1e0 units $23 Multiple Choice $3.160