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Concord Shutters has the following inventory information. Nov. 1 Inventory 50 units @ $8.00 8 Purchase 110 units @ $5.00 17 Purchase 80 units @

Concord Shutters has the following inventory information. Nov. 1 Inventory 50 units @ $8.00 8 Purchase 110 units @ $5.00 17 Purchase 80 units @ $6.00 25 Purchase 110 units @ $8.00 A physical count of merchandise inventory on November 30 reveals that there are 70 units on hand. Assume a periodic inventory system is used. Ending inventory under FIFO is O $500. O $1482 O $560. $1380

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