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 May 1 Beginning inventory May 5 Purchase 172 units @ $10 = $1,720 242 units @ $12 = $2,904 May 10 Sales May 15 Purchase 122 units @ $13 = $1,586 May 24 Sales Multiple Choice $2,876 $2,944 $3,266 $6,210 $3,136