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. Units Sold at Retail Date May 1 5 10 15 24 4:24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 280 units @ $13 285 units @ $15 205 units @ $23 165 units @ $16 155 units @ $24