Question 1 of 10 -/1 View Policies Current Attempt in Progress Serene Stereos has the following inventory data: Nov. 1 Inventory 37 units @ $7.40 each 8 Purchase 149 units @ $8.00 each 17 Purchase 74 units @ $7.80 each 25 Purchase 112 units @ $8.20 each A physical count of merchandise inventory on November 30 reveals that there are 124 units on hand. Cost of goods sold under FIFO is $970. O $1992. $1012. $1949