understatement, overstatement, no effect. Dunder Mifflin has the following data related to its inventory during October 2018. Inventory on 10/1 was 400 units at $2.10 per unit. There was a purchase on 10/7 of 1 ,400 units at $2.20 a unit. A second purchase on 10/16 was 280 units at $2.25. Ending inventory on 10/31 consisted of 520 units. What is the value assigned to ending inventory if Dunder Mifflin uses LIFO method? English (US}