Concord Corporation has the following data related to an item of inventory:

Inventory, March 1 420 units @ $2.00

Purchase, March 7 1420 units @ $2.10

Purchase, March 16 300 units @ $2.15

Inventory, March 31 520 units

The value assigned to cost of goods sold if Concord uses FIFO is

$1108.

$3360.

$1050.

$3418.