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 $188$ units @ $$10=$ $$1,880$

May $5$ Purchase $258$ units @ $$12=$ $$3,096$

May $10$ Sales $178$ units @ $$20$

May $15$ Purchase $138$ units @ $$13=$ $$1,794$

May $24$ Sales $128$ units @ $$21$

Multiple Choice

$$3,474$

$$3,344$

$$6,770$

$$3,084$

$$3,296$