Waterway Industries has the following data related to an item of inventory: 440 units @$2.30 Inventory, March 1 1420 units @ $2.40 Purchase, March 7 300 units @$2.70 Purchase, March 16 570 units Inventory, March 31 The value assigned to cost of goods sold if Waterway uses FIFO is $3772. $1324. $1385. $3832. Transactions for the month of June were: Purchases Sales June 1 (balance) 3290 @ $3.10 June 2 2460@ $5.40 8770@ 3.00 6350@ 5.40 6 7 4730@ 3.20 3980 @ 5.40 15 7300@ 3.30 10 1680@ 8.00 22 1900 @ 3.40 18 5630@ 8.00 25 850 @ 8.00 Assuming that period ic inventory records are kept in units only, the ending inventory on a LIFO $15624 $16128. $15449. $16822. i *