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Sheridan Company has the following data related to an item of inventory: Inventory, March 1 410 units @$1.90 Purchase, March 7 Purchase, March 16 1390

Sheridan Company has the following data related to an item of inventory: Inventory, March 1 410 units @$1.90 Purchase, March 7 Purchase, March 16 1390 units @ $2.00 240 units $2.05 Inventory, March 31 540 units The value assigned to ending inventory if Sheridan uses LIFO is $1105. $1096. $1039. O $1026

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