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Suppose that Sunland Automated Retail Company has the following inventory data: Nov. 1 Inventory 3 4 units @ $ 6 . 7 0 each 8

Suppose that Sunland Automated Retail Company has the following inventory data:
Nov. 1 Inventory 34 units @ $6.70 each
8 Purchase 134 units @ $7.20 each
17 Purchase 67 units @$7.05 each
25 Purchase 101 units @ $7.40 each
The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals that there are 112
units on hand. Cost of goods sold under LIFO rounded to the nearest dollar is
$825.
$1587.
$1623.
$789.
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