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Crane Shutters has the following inventory information. Nov. 1 Inventory Purchase 8 40 units @ $7.00 100 units @ $5.00 40 units @ $6.00 70

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Crane Shutters has the following inventory information. Nov. 1 Inventory Purchase 8 40 units @ $7.00 100 units @ $5.00 40 units @ $6.00 70 units @ $9.00 17 Purchase 25 Purchase 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 LIFO is O $630. O $1533. O $1587. O $430

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