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 Date May 1 5 Units Acquired at Cost 270 units @ $12 280 units @ $14 200 units @ $22 Activities Beginning Inventory Purchase Sales Purchase Sales 10 160 units @ $15 15 150 units @ $23 24 Multiple Choice O $5,200 $4360 $5,050 $4,840 $4,510