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Marigold Corp. has the following data related to an item of inventory: Inventory, March 1 410 units @ $1.80 Purchase, March 7 1400 units @

Marigold Corp. has the following data related to an item of inventory:

Inventory, March 1 410 units @ $1.80
Purchase, March 7 1400 units @ $1.90
Purchase, March 16 310 units @ $1.95
Inventory, March 31 580 units

The value assigned to cost of goods sold if Marigold uses FIFO is

$1061.

$2885.

$2941.

$1119.

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