TB MC Qu$.05-159($Algo$)$ Salmone Company reported...

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$[[$Activities$,$Units Acquired at Cost,Units Sold at Retail,$],[$Date $1,$Beginning inventory,$176$ units @ $$10=$$$1,760,],[$May $.,$Purchase,$246$ units @ $$12=$$$2,952,],[$May $10,$Sales,$126$ units @ $$13=$$$1,638,166$ units @ $$20$