Sheffield Co. has the following data related to an item of inventory: Inventory, March 1 360 units @ $1.90 Purchase, March 7 1350 units @ $2.00 Purchase, March 16 340 units @ $2.05 Inventory, March 31 580 units The value assigned to cost of goods sold if Sheffield uses a FIFO periodic inventory system is O $1124. O $1177. $2904. $2955.