11 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. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory May 5 Purchase 1 188 units @ $10 = $1,880 258 units @ $12 = $3,096 points May 10 Sales 178 units @ $20 May 15 Purchase 138 units @ $13 = $1,794 Skipped May 24 Sales 128 units @ $21 eBook Multiple Choice Ask ih Print $3,474 References $3,296 $3,344 $3,084 $6,770