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Question 2 (1 point) Smart Co. has the following data related to an item of inventory: Inventory, March 1 133 units @ $6 Purchase,

Question 2 (1 point) Smart Co. has the following data related to an item of inventory: Inventory, March 1 133 units @ $6 Purchase, March 7 341 units @ $9 Purchase, March 16 73 units @ $16 Inventory, March 31 161 units The value assigned to ending inventory if Smart uses periodic FIFO is: Your Answer: Answer Next Page Page 2 of 5

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