Vaughn Co. has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 380 units @ $1.80 1390 units @$1.90 Purchase, March 16 300 units @ $1.95 Inventory, March 31 540 units The value assigned to cost of goods sold if Vaughn uses a FIFO periodic inventory system is $1042. $988. $2869. $2922.