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 Units Acquired at Cost 164 units @ $10 $1,640 234 units @ $12 $2,808 = = Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 154 units @ $20 114 units @ $13 = $1,482 104 units @ $21