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.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning Inventory	200 units @ $15
5	Purchase	245 units @ $17
10	Sales		165 units @ $25
15	Purchase	125 units @ $18
24	Sales		115 units @ $26