Multiple Choice Question 94 Marigold Shutters has the following inventory information Nov. 1 Inventory 50 units @ $4 8 Purchase160 units @$5 17 Purchase 70 units@ $6 25 Purchase 80 units@$7 A physical count of merchandise inventory on November 30 reveals that there are 40 units on hand. Assume a periodic inventory system is used. Ending inventory under FIFO is $1228 $1282 O $150 $280