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Sheridan Shutters has the following inventory information. Nov. 1 8 Inventory 40 units @ $4.00 Purchase 80 units @ $5.00 Purchase 50 units @ $5.00

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Sheridan Shutters has the following inventory information. Nov. 1 8 Inventory 40 units @ $4.00 Purchase 80 units @ $5.00 Purchase 50 units @ $5.00 17 25 Purchase 110 units @ $6.00 A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Assume a periodic invento system is used. Ending inventory under LIFO is O $1548 $600 $1602 O $460

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