Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual 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	184 units @ $10 = $1,840
May 5	Purchase	254 units @ $12 = $3,048
May 10	Sales		174 units @ $20
May 15	Purchase	134 units @ $13 = $1,742
May 24	Sales		124 units @ $21

Multiple Choice

• $3,422

• $3,208

• $3,292

• $3,032

• $6,630