Vaughn Co. has the following data related to an item of inventory: Inventory, March 1 380 units @ $1.90 Purchase, March 7 1390 units @ $2.00 Purchase, March 16 240 units @ $2.05 Inventory, March 31 590 units The value assigned to cost of goods sold if Vaughn uses a FIFO periodic inventory system is $1198. $1142. $2802. $2854.