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 May 1 May 5 May 10 May 15 May 24 O Beginning inventory. Purchase Sales Multiple Choice Activities Purchase Sales $3,136 $2,944 $6,210 $3,266 $2,876 Units Acquired at Cost 172 units @ $10 = $1,720 242 units @ $12 = $2,904 122 units @ $13 = $1,586 < Prev 2 of 10 Units Sold at Retail. Next > 162 units @ $20 112 units @ $21