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Sheffield Corp. has the following data related to an item of inventory: Inventory, March 1 360 units @ $1.90 Purchase, March 7 1350 units @

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Sheffield Corp. 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 @ $2.30 Inventory, March 31 580 units The value assigned to cost of goods sold if Sheffield uses FIFO is O $2955. O $1124. O $2904

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