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Remaining Time: 1 hour, 32 minutes, 25 seconds. Question Completion Status: Moving to another question will save this response. Question 7 Niles Co. has the following data related to an item of inventory: Inventory, March 1: 400 units 52.10 Purchase. March 7: 1,400 units $2.20 Purchase, March 16:280 units $2.25 Inventory, March 31:520 units The value assigned to cost of goods sold if Niles uses FIFO is 53.392 51.160 5.4 51.100 Moving to another question will save this response