Strods Company reported the following purchases and sales of its only product. Strods 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 160 units @ $11 225 units @ $13 145 units @ $21 105 units @ $14 95 units @ $22 Multiple Choice 0 $3.240 0 $3,355 0 $2,800 0 $3.215 0 $2,940