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 May 1 May 5 May 10 Sales May 15 May 24 Purchase Sales Activities Beginning inventory Purchase Units Acquired at Cost 188 units @ $10 = $1,880 258 units @ $12 = $3,096 Units Sold at Retail 138 units @ $13 = $1,794 178 units @ $20 128 units @ $21 Multiple Choice $3,474 $3,296 $3,344 10 Submit