Units Sold at Retail Company reported the following purchases and sales for its only product. JJ uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO. Date Activities May 1 Beginning Inventory May 5 Purchase May 10 Sales May 15 Purchase May 24 Sales Previous Q 9 Units Acquired at Cost 150 units @$14 220 units @$16 140 units @ $40.00 100 units $29 90 units @$49.00 MacBook Air W AT R T D F I X C H 10 Y 1:1 C N Next. J K M M 0