TB MC Qu. 05-163 (Algo) Salmone Company reported the following... 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. Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at cost 178 units @ $10-$1,789 248 units @ $12 $2,976 168 units @ $20 128 units @ $13 - $1,664 118 units @ $21 $3,076 $3,560 $3,680 O $3,550 $3,206