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. Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost Units Sold at Retail 280 units @ $13 285 units $15 205 units $23 165 units @ $16 155 units $24 Multiple Choice O O $5.000 O $5,360 Prev 1 of 8 Next > Multiple Choice o $4,840 o $5,000 o 35, 360 o o $5,555 o 35715 Prev 1 of 8 Next >