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Novak has the following inventory data: Nov. 1 Inventory 37 units @ $7.30 each 8 Purchase 146 units @ $7.85 each 17 Purchase 73 units

Novak has the following inventory data:

Nov. 1 Inventory 37 units @ $7.30 each
8 Purchase 146 units @ $7.85 each
17 Purchase 73 units @ $7.70 each
25 Purchase 110 units @ $8.10 each

A physical count of merchandise inventory on November 30 reveals that there are 122 units on hand. Ending inventory under FIFO is

$983.

$1932.

$1886.

$937.

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