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 Unita Sold at Retail May 1 Beginning inventory 176 units 510 - $1,760 May 5 Purchase 246 units 512 - $ 2,952 Sales 166 units $20 May 15 Purchase 126 units $13 - $ 1.638 Sales 116 units $21 May 10 May 24