Question: Multiple Choice Question 101 Marigold Corp. has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16

Multiple Choice Question 101 Marigold Corp. has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 410 units @ $1.80 1400 units @ $1.90 310 units @ $2.20 580 units The value assigned to cost of goods sold if Marigold uses FIFO is $2941. Ww $1119. $2885. O $1061

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