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.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning Inventory	340 units @ $19
5	Purchase	315 units @ $21
10	Sales		235 units @ $29
15	Purchase	195 units @ $22
24	Sales		185 units @ $30

Multiple Choice

$9,225

$17,365

$8,360

$9,005

$8,140