Suppose that Sandhill has the following inventory data:

Nov. $1$ Inventory $10$ units @ $$4$ each

$8$ Purchase $100$ units @$$4\mathrm{.}45$ each

$17$ Purchase $60$ units @ $$4\mathrm{.}30$ each

$25$ Purchase $80$ units @ $$4\mathrm{.}60$ each

The company uses a periodic inventory system. A physical count of merchandise inventory on November $30$ reveals that there are $90$

units on hand. Cost of goods sold under FIFO is

$$849.$

$$700.$

$$396.$

$$411.$