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.

Date Activities Units Acquired at Cost Units Sold at Retail

May $1$ Beginning inventory $156$ units @ $$10=$ $$1,560$

May $5$ Purchase $226$ units @ $$12=$ $$2,712$

May $10$ Sales $146$ units @ $$20$

May $15$ Purchase $106$ units @ $$13=$ $$1,378$

May $24$ Sales $96$ units @ $$21$

Multiple Choice

$$2,928$

$$3,058$

$$2,668$

$$2,592$

$$5,650$