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Niles Co. has the following data related to an item of inventory: Inventory, March 1,650 units @ $1.50 Purchase, March 7 800 units @ $1.75
Niles Co. has the following data related to an item of inventory: Inventory, March 1,650 units @ $1.50 Purchase, March 7 800 units @ $1.75 Purchase, March 16 360 units @ $1.90 Inventory, March 31 710 units The value assigned to ending inventory if Niles uses periodic LIFO is?
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