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Dillane Co. uses periodic inventory and has the following data for an inventory item: Inventory, March 1 200 units @ $3.20 Purchase, March 7 700

  1. Dillane Co. uses periodic inventory and has the following data for an inventory item:

Inventory, March 1 200 units @ $3.20

Purchase, March 7 700 units @ $3.35

Purchase, March 16 140 units @ $3.55

Inventory, March 31 260 units

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

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