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Vaughn Shutters has the following inventory information. Nov. 1 Inventory 60 units @ $5.00 8 Purchase 120 units @ $5.00 17 Purchase 40 units @

Vaughn Shutters has the following inventory information.

Nov. 1 Inventory 60 units @ $5.00
8 Purchase 120 units @ $5.00
17 Purchase 40 units @ $6.00
25 Purchase 80 units @ $6.00

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

1. $914.0.

2. $1015.0.

3. $1026.0.

4. $968.0.

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