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Sunland Shutters has the following inventory information. Nov. 1 Inventory 2 0 units @ $ 8 . 0 0 8 Purchase 1 1 0 units

Sunland Shutters has the following inventory information.
Nov. 1 Inventory 20 units @ $8.00
8 Purchase 110 units @ $4.00
17 Purchase 60 units @ $5.00
25 Purchase 110 units @ $6.00
A physical count of merchandise inventory on November 30 reveals that there are 70 units on hand. Assume a periodic
inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is
$1094.
$1138.
$1196.
$1188.
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