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 310 units @ $16 Purchase 300 units @ $18 Sales 220 units @ $26 15 Purchase 180 units @ $19 24 Sales 170 units @ $27 5 10 Multiple Choice G $7,380