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 perlodic 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 @ $$20],[$May $15,$Purchase,,$],[$May $24,$Sales,,$108$ units @ $$21$