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,$168$ units @ $$10=$$$1,680,],[$May $5,$Purchase,$238$ units @ $$12=$$$2,856,],[$May $10,$Sales,,$158$ units @ $$20$