Mc Graw Hill 63 Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the co assigned to cost of goods sold using FIFO. Skipped Date May 1 May 5 Activities Beginning inventory Purchase Units Acquired at Cost 172 units @ $10 = $1,720 242 units @ $12 = $2,904 Units Sold at Retail May 10 Sales 162 units @ $20 May 15 Purchase 122 units @ $13 = $1,586 May 24 Sales 112 units @ $21 Multiple Choice $2,944 $3,410 $3,530 $3,400 < Prev 63 of 70 Next > MacBooke 3