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.

$\backslash$table$[[$Date$,$Activities,Units Acquired at cost$,$Units Sold at Retail$],[$May $1,$Beginning inventory,$186$ units @ $$10=$$$1,860.,],[$May $5,$Purchase,$256$ units @ $$12=$$$3,072,176$ units @ $$20$