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 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 299 units @ $14 290 units @ $16 210 units @ $24 170 units @ $17 160 units @ $25 $5,340 $5,900 $6,250 $6,080 O $5,510