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.

$\backslash$table$[[$Date$,$Activities,Units Acquired,at Cost,Units Sold at Retail$],[$May $1,$Beginning inventory,$150$ units @ $$10,=$$$1,500,],[$May $5,$Purchase,$220$ units @ $$12,=$$$2,640,],[$May $10,$Sales,,,$140$ units @ $$20$