Salmone Company reported the following purchases and sales of its only product Salmone uses o perpetual inventory system Determine the cost assigned to cost of goods sold using FIFO. Activities Beginning Inventory Date Units Acquired at Cost Units Sold at Retall May 1 330 units $18 310 units@$28 5 Purchase 1 Sales 15 Purchase 24 Sales 230 units @ $28 190 units$21 180 units@$29