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 May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost Units Sold at Retail 220 units @ $17 255 units @ $19 175 units @ $27 135 units @ $20 125 units @ $28 Multiple Choice 0 $6,025 0 $5.825 0 O $11,285 0 $5,460