Kiner Co. has the following data related to an item of inventory: Inventory, March 1 100 units @ $4.20 Purchase, March 7 350 units @ $4.40 Sales, March 10 390 units @ $7.00 Purchase, March 16 70 units @ $4.50 (T of F) The value assigned to goods available for sale if Kiner uses perpetual FIFO is $552. True False