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.

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$May $1,$Beginning inventory,$178$ units @ $$10=$$$1,780,],[$May $5,$Purchase,$248$ units @ $$12=$$$2,976,],[$May $10,$Sales,,$],[$May $15,$Purchase,$128$ units @ $$13=$$$1,664,],[$May $24,$Sales,,$118$ units @ $$20$