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Lion Co. has the following data related to an item of inventory: Inventory, March 1 200 units @ $4.20 Purchase, March 7 700 units @

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Lion Co. has the following data related to an item of inventory: Inventory, March 1 200 units @ $4.20 Purchase, March 7 700 units @ $4.40 Purchase, March 16 140 units @ $4.50 Inventory, March 31 300 units The value assigned to ending inventory if Lion uses LIFO is A. $1,334. OB.$1,280. C.$1,260. D. $1,350

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