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. Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 156 units @ $10 = $1,560 226 units @ $12 = $2,712 146 units @ $20 106 units @ $13 - $1,378 96 units @ $21 Multiple Choice $3,058 $2.592