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What the value assigned to ending inventory

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Question - Niles Co. has the following data related to an item of inventory: Inventory, March 1 - 400 units @ $2.10; Purchase, March 7 - 1,400units @ $2.20; Purchase, March 16 - 280 units @ $2.25; Inventory, March 31 - 520 units. What the value assigned to ending inventory if Niles uses LIFO?

a. $1,160.00

b. $1,104.00

c. $1,092.00

d. $1,168.00

Reference no: EM133014938

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