Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the cost of goods sold using FIFO. Date Units Sold at Retail Units Acquired at Cost 184 units @ $10 $1,840 254 units @ $12 = $3,048 = May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 174 units @ $20 134 units @ $13 = $1,742 124 units @ $21