Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO.

Units Sold at Retail Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 160 units @ $11 225 units @ $13 145 units @ $21 105 units @ $14 95 units @ $22 O $2,800 $3,240 $3,355 $3,215 $2,940