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. Activities Beginning inventory Purchase Date May 1 May 5 May 10. Sales May 15 Purchase May 24 Sales Units Acquired at Cost 158 units $10-$1,580 228 units $12 - $2,736 Units Sold at Retail 148 units @ $20 108 units $13 - $1,404 98 units @ $21 O Multiple Choice $3,050 $2,660 $2,670