Bmart Company uses the periodic inventory system and has the following data related to an item of inventory: Inventory, March 1 120 units @$4.20 Purchase, March 7' Purchase, March 16 350 units (59154.40 70 units @$4.50 Inventory, March 31 160 units The value assigned to cost of goods sold if Bmart uses FIFO is: 0 $1,648 0 $680 0 $1596 0 $672