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 186 units e $10 = $1,860 256 units @ $12-$3,072 Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 176 units $20 136 units @ $13 = $1,768 126 units $21