Help Save & Exit Salmone Company reported the following purchases and sales of its only product....

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Help Save & Exit 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 May 1 May 5 May 10 May 15 May 241 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 162 units $10-$1,620 232 units $12 - $2,784 Units Sold at Retail 112 units $13 - $1,456 152 units $20 102 units @ $21 Multiple Choice $3,136 $2,724 $3.006 < Prev 21 of 35 Next Help Save & Exit 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 May 1 May 5 May 10 May 15 May 241 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 162 units $10-$1,620 232 units $12 - $2,784 Units Sold at Retail 112 units $13 - $1,456 152 units $20 102 units @ $21 Multiple Choice $3,136 $2,724 $3.006 < Prev 21 of 35 Next