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Novaks has the following inventory data: Nov. 1 Inventory 37units @ $7.30each 8 Purchase 146units @ $7.85each 17 Purchase 73units @ $7.70each 25 Purchase 110units

Novaks has the following inventory data:

Nov. 1 Inventory 37units @ $7.30each

8 Purchase 146units @ $7.85each

17 Purchase 73units @ $7.70each

25 Purchase 110units @ $8.10each

A physical count of merchandise inventory on November 30 reveals that there are122units on hand. Cost of goods sold under LIFO is

$1886.

$1932.

$937.

$983.

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