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Niles Co. has the following data related to an item of inventory recorded : Inventory, March...

Niles Co. has the following data related to an item of inventory recorded :

Inventory, March 1     200 units @ $2.10

Purchase, March 7      700 units @ $2.20

Purchase, March 16    140 units @ $2.25

Sale, March 28            780 units @ 4.00

The value assigned to cost of goods sold if Niles uses FIFO  under perpetual inventory system  is (do not type $) :

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Answer: $1,696

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