Coronado Industries has the following data related to an item of inventory: Inventory, March 1 440 units @ $2.20 Purchase, March 7 1440 units @ $2.30 Purchase, March 16 260 units @ $2.60 Inventory, March 31 560 units The value assigned to cost of goods sold if Coronado uses FIFO is $1244. $3590. $3650. $1305.

Coronado Industries has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 440 units @ $2.20 1440 units @ $2.30 260 units @ $2.60 560 units The value assigned to cost of goods sold if Coronado uses FIFO is $1244. $3590. $3650. $1305