Sheridan Company has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 390 units @ $1.80 1380 units @ $1.90 300 units @ $1.95 590 units The value assigned to cost of goods sold if Sheridan uses FIFO is $2827. $2773. $1082. $1139