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Sunland Company has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 3

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Sunland Company has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 3 60 units @ $1.90 1380 units @ $2.00 330 units @ $2.05 500 units The value assigned to ending inventory if Sunland uses LIFO is $1015. $964. $1023. $950

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