V. A company reported the following purchases and sales of its only product. The company uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO. (5%) Date Activities Units Acquired at Units Sold at Retail May 1Beginning Inventory 150 units @ $10.00 5 Purchase 220 units @ $12.00 10 Sales 15 Purchase 24 Sales 140 units @ $20.00 100 units @$13.00 90 units @ $21.00