Niles Co. has the following data related to an item of inventory Inventory, March 1 400 units @ $2.10 Purchase, March 7 1,400 units @ $2.20 Purchase. March 16 280 units @ $2.25 Inventory, March 31 520 units The value assigned to ending inventory if Niles uses LIFO is $1,160 $1,104 $1,092 $1.168