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.

Date Activities Units Acquired at Cost Units Sold at Retail

May 1 Beginning Inventory 250 units @ $10

5 Purchase 270 units @ $12

10 Sales 190 units @ $20

15 Purchase 150 units @ $13

24 Sales 140 units @ $21

Select one:

a. $3590

b. $4230

c. $3460

d. $3860

e. $4100