4. Serene Stereos has the following inventory data: Nov. 1 Inventory S Purchase 17 Purchase 25 Purchase 30 units @ $8.00 each 120 units @ $8.60 each 60 units @ $8.40 each 90 units @ $8.80 each A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Cost of goods sold under FIFO is A) $876 B) $1,692 C) $842 D) $1,726