Waterway Industries has the following data related to an item of inventory: Inventory, March 1 370 units @ $2.10 Purchase, March 7 1440 units @ $2.20 Purchase, March 16 270 units @ $2.50 Inventory, March 31 510 units The value assigned to ending inventory if Waterway uses LIFO is $1137. $1071. $1146. $1085.

Waterway Industries has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 370 units @ $2.10 1440 units @ $2.20 270 units @ $2.50 510 units The value assigned to ending inventory if Waterway uses LIFO is O $1137. $1071. $1146. $1085