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. Units Sold at Retail Units Acquired at Cost 200 units @ $15 245 units @ $17 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 165 units @ $25 125 units @ $18 115 units @ $26 Multiple Choice $4,360 $4,960 o $5,055 $4.875 Help Save & E Seved Thapters 4 - 6 (30 MCQS) 125 units @ $18 15 24 Purchase Sales 115 units @ $26 Multiple Choice $4,360 $4,960 $5,055 $4,875 $4,540