Concord Corporation has the following data related to an item of inventory: Inventory, March 1 Purchase, March 71420 units $2.10 Purchase, March 16 Inventory, March 31 520 units 420 units @ $2.00 300 units $2.40 The value assigned to cost of goods sold if Concord uses FIFO is $1108. $1050 $3418 $3360