Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic 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 $188$ units @ $$10=$ $$1,880$

May $5$ Purchase $258$ units @ $$12=$ $$3,096$

May $10$ Sales $178$ units @ $$20$

May $15$ Purchase $138$ units @ $$13=$ $$1,794$

May $24$ Sales $128$ units @ $$21$

Multiple Choice options:

$$2,970$

$$3,800$

$$2,960$

$$3,810$

$$2,916$