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Oriole Shutters has the following inventory information. Nov. 1 Inventory 5 0 units @ $ 7 . 0 0 8 Purchase 8 0 units @

Oriole Shutters has the following inventory information.
Nov. 1 Inventory 50 units @ $7.00
8 Purchase 80 units @ $6.00
17 Purchase 80 units @ $7.00
25 Purchase 90 units @ $8.00
A physical count of merchandise inventory on November 30 reveals that there are 80 units on hand. Assume a periodic inventory
system is used. Ending inventory under FIFO is
$1722.
$530.
$640.
$1150.
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