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Swifty Shutters has the following inventory information. Nov. 1 Inventory 4 0 units @$ 7 . 0 0 8 Purchase 9 0 units @ $

Swifty Shutters has the following inventory information.
Nov. 1 Inventory 40 units @$7.00
8 Purchase 90 units @ $6.00
17 Purchase 70 units @ $8.00
25 Purchase 80 units @ $9.00
A physical count of merchandise inventory on November 30 reveals that there are 110 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
$1275.
$1198.
$1192.
$1268.
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