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.

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,$\backslash$table$[[$Units Sold at$],[$Retail$]]],[$May $1,\backslash$table$[[$Beginning$],[$inventory$]],172$ units @ $$10=$$$1,720,],[$May $5,$Purchase,$242$ units @ $$12=$$$2,904,],[\backslash$table$[[$May$],[10]],$Sales,,$162$ units @ $$20],[\backslash$table$[[$May$],[15]],$Purchase,$122$ units @ $$13$ $$1,586,],[\backslash$table$[[$May$],[24]],$Sales,,$112$ units @ $$21]]$

$$3,400$

$$3,530$

$$2,944$

$$3,074$

$$3,410$