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 Units Acquired at Cost 350 units @ $20 320 units @ $22 Activities Beginning Inventory Purchase Sales Purchase Sales 10 240 units @ $30 200 units @ $23 24 190 units @ $31 Multiple Choice 0 $8,990 0 $9,650 0 $9,880 0 $18,640 0 $8,760