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 166 units @ $10 - $1,660 236 units @ $12 - $2,832 156 units @ $20 116 units @ $13 - $1,508 106 units @ $21