Question: 2. The beginning inventory on November 1 includes 15 units at a cost of $8.00 per unit. Following information is related to purchases made during

2. The beginning inventory on November 1 includes 15 units at a cost of $8.00 per unit. Following information is related to purchases made during November Nov. 8 Purchase 17 Purchase 25 Purchase Units Unit Cost 60 units $8.60 30 units $8.40 45 units $8.80 A physical count of merchandise inventory on November 30 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Cost of ending inventory under FIFO is: (6 Points) $846 $863 $438 $421

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