Smart Co. has the following data related to an item of inventory:
	Inventory, March 1	140 units @ $7.65
	Purchase, March 7	350 units @ $8.34
	Purchase, March 16	66 units @ $15.91
	Inventory, March 31	164 units
The value assigned to ending inventory if Smart uses periodic FIFO is:

Select one:

a. $1743.87

b. $1367.76

c. $2609.24

d. $1867.38