Intermediate Accounting 1

A company has the following data related to an item of inventory: Inventory, March 1 100 units @ $4.20 Purchase, March 7 350 units @ $4.40 Purchase, March 16 70 units @ $4.50 Inventory, March 31 130 units The value assigned to ending inventory if A company uses FIFO is 0 A. $579. 0 B. $552. 0 0. $545. 0 D. $535