Question: Multiple Choice Question 100 Sheffield Corp. has the following data related to an item of inventory: Inventory, March 1 390 units @ $1.90 Purchase, March

Multiple Choice Question 100 Sheffield Corp. has the following data related to an item of inventory: Inventory, March 1 390 units @ $1.90 Purchase, March 7 1360 units @ $2.00 Purchase, March 16 300 units @ $2.30 Inventory, March 31 500 units The value assigned to ending inventory if Sheffield uses LIFO is

$961. $1023. $1015. $950.

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