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

Question 134

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Storme Shutters has the following inventory information.  Nov. 1 Inventory 30 units @$8.008 Purchase 120 units $8.3017 Purchase 60 units $8.7025 Purchase 90 units $8.80\begin{array}{rrr}\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 .70 \\&25 & \text { Purchase } & 90 \text { units } \$ 8.80\end{array} A physical count of merchandise inventory on November 30 reveals that there are 80 units on hand. Assume a periodic inventory system is used. Ending inventory under LIFO is


A) $655.
B) $704.
C) $1,756.
D) $1,812.

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