Current Attempt in Progress Vaughn Co. has the following data related to an item of inventory: \table[[Inventory, March 1,380 units @ $1.80,],[Purchase, March 7,1390 units @ $1.90,],[Purchase, March 16,300 units @ $1.95,],[Inventory, March 31,540 units,]] The value assigned to cost of goods sold if Vaughn uses a FIFO periodic inventory system is
$988
.
$1042
.
$2922
.
$2869
.

Question

Current Attempt in Progress Vaughn Co. has the following data related to an item of inventory: \table[[Inventory, March 1,380 units @ $1.80,],[Purchase, March 7,1390 units @ $1.90,],[Purchase, March 16,300 units @ $1.95,],[Inventory, March 31,540 units,]] The value assigned to cost of goods sold if Vaughn uses a FIFO periodic inventory system is

$988

.

$1042

.

$2922

.

$2869

.

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