Smart Co. has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 112 units @ $6.31 352 units @ $8.36 79 units @ $15.81 167 units The value assigned to ending inventory if Smart uses periodic FIFO is: Select one: e a. $2640.27 b. $1396.12 c. $1696.72 6 d. $1984.67 Check