TB MC Qu$.05-165($Algo$)$ Salmone Company reported the following...

Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic Inventory system. Determine the cost assigned to cost of goods sold using LIFO.

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$May $1,$Beginning inventory,$166$ units @ $$10=$$$1,660,],[$May $5,$Purchase,$236$ units @ $$12=$$$2,832,],[$May $10,$Sales,$116$ units @ $$13=$$$1,508,156$ units @ $$20$