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 Units Sold at Retail

May $1$ Beginning inventory $152$ units @ $$10=$ $ $1,520$

May $5$ Purchase $222$ units @ $$12=$ $ $2,664$

May $10$ Sales $142$ units @ $$20$

May $15$ Purchase $102$ units @ $$13=$ $ $1,326$

May $24$ Sales $92$ units @ $$21$

Multiple Choice

$$2,610$

$$3,030$

$$2,910$

Incorrect

$$2,900$

$$2,480$