TB MC Qu. 05-159 (Algo) Salmone Company reported... 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. Units Acquired at Cost 174 units @ $10 = $1,740 244 units @ $12= $2,928 Date May 1 May 5 May 10 May 15 May 24 Multiple Choice O O Beginning inventory Purchase Sales Purchase Sales $3,292 $2,988 $3,162 $2,902 Activities $6,280 124 units @ $13- $1,612 Units Sold at Retail 164 units @ $20 114 units @ $21

TB MC Qu. 05-159 (Algo) Salmone Company reported... whot Chowe nos. 1)sen tive sisaz. roses