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Jamestown Co. (uses periodic method) has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16

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Jamestown Co. (uses periodic method) has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 100 units @ $4.20 350 units @ $4.40 70 units @ $4.50 150 units Inventory, March 31 The value assigned to cost of goods sold if Jamestown uses FIFO is $1,608. O $640. O $667. $1,635.

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