Concord Corporation has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 370 units @ $1.90 1450 units @ $2.00 260 units @ $2.05 530 units The value assigned to cost of goods sold if Concord uses FIFO is $3116. $1023. o $1076. $3063