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.

Date Activities Units Acquired at Cost Units Sold at Retail

May $1$ Beginning inventory $150$ units @ $$10=$ $$1,500$

May $5$ Purchase $220$ units @ $$12=$ $$2,640$

May $10$ Sales $140$ units @ $$20$

May $15$ Purchase $100$ units @ $$13=$ $$1,300$

May $24$ Sales $90$ units @ $$21$