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

Inventory, March 1 100 units @ $4.20

Purchase, March 7 350 units @ $4.40

Purchase, March 16 70 units @ $4.50

Inventory, March 31 130 units

The value assigned to ending inventory if Niles uses FIFO is

a. $579.

b. $552.

c. $1,723.

d. $1,696.

The value assigned to ending inventory if Niles uses LIFO is

a. $579.

b. $552.

c. $546.

d. $585.