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Netta Shutters Has the Following Inventory Information A Physical Count of Merchandise Inventory on November 30 Reveals

Question 119

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Netta Shutters has the following inventory information.  Nov. 1 Inventory 30 units @ $8.00 8 Purchase 120 units @ $8.30 17 Purchase 60 units @ $8.40 25 Purchase 90 units @ $8.80 \begin{array} { r l l } \text { Nov. } 1 & \text { Inventory } & 30 \text { units @ \$8.00 } \\8 & \text { Purchase } & 120 \text { units @ \$8.30 } \\17 & \text { Purchase } & 60 \text { units @ \$8.40 } \\25 & \text { Purchase } & 90 \text { units @ \$8.80 }\end{array} A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand. Assume a periodic inventory system is used. Ending inventory under LIFO is


A) $738.
B) $792.
C) $1,740.
D) $1,794.

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