Niles Co. has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 400 units @ $2.10 1,400 units @ $2.20 280 units @ $2.25 520 units The value assigned to cost of goods sold if Niles uses FIFO is O $3,392. $1,160. $1,104. $3,448