7

Nov. 1		Inventory		26 units @ $5.20 each
8		Purchase		103 units @ $5.55 each
17		Purchase		52 units @ $5.40 each
25		Purchase		77 units @ $5.70 each

A physical count of merchandise inventory on November 30 reveals that there are 86 units on hand. Cost of goods sold under LIFO is

$468.

$488.

$958.

$939.