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. Units Sold at Retail Units Acquired at Cost 176 units @ $10 = $ 1,760 246 units @ $12 = $ 2,952 Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 166 units @ $20 126 units @ $13 = $ 1,638 116 units @ $21