Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory system. Determine the cast assigned to cost of goods sold using FIFO. Units Sold at Retail Date May 1 Units Acquired at Cost 200 units @ $15 245 units @ $17 Activities Beginning Inventory Purchase Sales Purchase Sales 165 units @ $25 15 125 units @ $18 115 units @ $26 Multiple Choice O S4360 O $4.960 54,960