Waterway Shutters has the following inventory information.

Nov. 1 Inventory 50 units @ $6.00

8 Purchase 80 units @ $5.00

17 Purchase 40 units @ $6.00

25 Purchase 80 units @ $7.00

A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Assume a periodic inventory system is used. Ending inventory under FIFO is

$700.

$550.

$1702.

$1648.