Lifo Inventory: The company uses LIFO to value it's inventory On January 1st they had 500 items valued at S 7.50 each. During January they purchased 50 more for S 8.00 each and in February 100 more for $ 9.00 each. In March they wound up selling 200 items. How much was cost of sales for March? A. $1,500 B. $ 1,600 C. S 1,800 D. S 1.750 E. 1,675