Orible Shutters has the following inventory information. Nov, 1 inventory 40 units e $7.00 8 Purchase 100 units 98.10 17 Purchase Bounits e $8.30 25 Purchase: 70 units $8.90 A physical count of merchandise inventory on November 30 reveals that there are 80 units on hand. Assume a periodic inventory system is used. Assuming that the specific identifcation method is used and that ending imventory consists of 20 units from each of the three purchases and 20 units from the November 1 inventory, cost of goods sold is $1651 $1681 51739. $1731