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.

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$May $1,$Beginning inventory,$172$ units @$$10=$$$1,720,],[$May $5,$Purchase,$242$ units @$$12=$$$2,904,],[$May $10,$Sales,,$162$ units @ $$20],[$May $15,$Purchase,$122$ units @$$13=$$$1,586,],[$May $24,$Sales,,$112$ units @ $$21]]$

Multiple Choice