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Niles Co. has the following data related to an item of inventory: Inventory, March 1200 units @ $2.10, Purchase, March 7700 units @ $2.20, Purchase
Niles Co. has the following data related to an item of inventory: Inventory, March 1200 units @ $2.10, Purchase, March 7700 units @ $2.20, Purchase , March, 16140 @ $ 2.25, Inventory, March, 31260 units. The value assigned if Niles uses LIFO is:
$546
$552
$580
$584
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