Niles Co. uses periodic inventory, and has the following data related to inventory: Inventory, March 1, 200 units @ $2.10 Purchase, March 7, 700 units @ $2.20 Purchase, March 16, 140 units @ $2.25 Ending Inventory, March 31, 260 units The value assigned to ending inventory if Niles uses average of cost method for inventory is $569 $552 $579 $546 Question 59 (1.54 points) Use the following information for questions 56 and 59. Use the following information for questions 59 to 60 During June, the following changes in inventory took place: June 1 Balance 1,400 units @ $24 June 14 Purchased 800 units @ $36 June 24 Purchased 700 units @ $30 June 8 Sold 400 units @ $50 June 10 Sold 1,000 units @ $40 June 29 Sold 500 units @ $44 Perpetual inventories are maintained. The cost of the ending inventory under LIFO is 34,800 21,000 31,800 28,800