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 182 units @ $10 = $1,820 May 5 Purchase 252 units @ $12 = $3,024 May 10 Sales 172 units @ $20 May 15 Purchase 132 units @ $13 = $1,716 May 24 Sales 122 units @ $21