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Suppose that Ivanhoe Automated Retail Company has the following inventory data: Nov. 1 Inventory 3 1 units @ $ 6 . 2 0 each 8

Suppose that Ivanhoe Automated Retail Company has the following inventory data:
Nov. 1 Inventory 31 units @ $6.20 each
8 Purchase 125 units @ $6.70 each
17 Purchase 62 units @$6.55 each
25 Purchase 94 units @$6.90 each
The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals that there are 104 units on hand. Cost of goods sold under LIFO rounded to the nearest dollar is
$714.
$1403.
$681.
$1370.
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