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Waterway Industries has the following data related to an item of inventory: Inventory, March 1 370 units @ $2.10 Purchase, March 7 1440 units @

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 @ $2.25
Inventory, March 31 510 units

The value assigned to ending inventory if Waterway uses LIFO is

$1071.

$1137.

$1146.

$1085.

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