Sunland Shutters has the following inventory information. Nov. 1 Inventory 8 Purchase 20 units @ $8.00 110 units @ $4.00 60 units @ $5.00 110 units @ $6.00 17 Purchase 25 Purchase 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 $1202. $1196. $1218. $1164