aw Help Save & Exit S 11 Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO. Date May 1 May 5 Activities 00:58:58 Beginning inventory Purchase Units Acquired at Cost 166 units @ $10 = $1,660 236 units @ $12 = $2,832 Units Sold at Retail May 10 Sales May 15 Purchase 116 units @ $13 = $1,508 May 24 Sales 156 units @ $20 106 units @ $21 Multiple Choice $2,812 $3,260 $3,380 < Prev 11 of 33 www B Next > 91F Partly sunny