Niles Co. has the following data related to an item of inventory:

Inventory, March 1 110 units @ $4.20

Purchase, March 7 340 units @ $4.40

Purchase, March 16 80 units @ $4.50

Inventory, March 31 120 units

A. Calculate the value assigned to ending inventory if Mike uses LIFO

B. Calculate the value assigned to cost of goods sold if Amal uses FIFO