Question 11

Vaughn Manufacturing has the following data related to an item of inventory:

Inventory, March 1		410 units	@ $2.00
Purchase, March 7		1380 units	@ $2.10
Purchase, March 16		260 units	@ $2.15
Inventory, March 31		530 units

The value assigned to ending inventory if Vaughn uses LIFO is

$1060.

$1072.

$1138.

$1129.