Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning inventory	164 units @ $10 = $ 1,640
May 5	Purchase	234 units @ $12 = $ 2,808
May 10	Sales		154 units @ $20
May 15	Purchase	114 units @ $13 = $ 1,482
May 24	Sales		104 units @ $21

Multiple Choice

• $3,210

• $2,600

• $2,730

• $3,200

• $3,330