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. Units Sold at Retail Units Acquired at Cost 152 units @ $10 = $1,520 222 units @ $12 = $2,664 Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 142 units @ $20 102 units @ $13 = $1,326 92 units @ $21