Niles Co. has the following data related to an item of inventory: Inventory, March 1 400 units @ $2.10 Purchase, March 7 1400 units @ $2.20 Purchase, March 16 280 units @ $2.50 Inventory, March 31 520 units The value assigned to cost of goods sold if Niles uses FIFO is

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 1400 units @ $2.20 280 units @ $2.50 520 units The value assigned to cost of goods sold if Niles uses FIFO is $3392. $3448. $1160. $1104