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Salmone Company reported the following purchases and sales of its only product. Salmone uses a...

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Accounting

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.
\table[[Date,Activities,Units Acquired at cost,Units Sold at Retail],[May 1,Beginning inventory,182 units $10=$1,820,],[May 5,Purchase,252 units $$12=$3,024,172 units @ $20
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