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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 31 400

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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 31 400 units @ $2.20 1360 units @ $2.30 270 units @ $2.35 560 units The value assigned to cost of goods sold if Sunland uses FIFO is O $1305. $1248. O $3341 $3396

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