Lionworks Enterprises had the following inventory data:

Date Quantity Unit Cost
July 1 Beginning Inventory 5, $52
July 4 Purchase 10 $55
July 7 Sale 12 July 11
Purchase 9 $58
July 14 Sale 8
Assuming LIFO and perpetual inventory, what is the cost of goods sold for the July 7 sale?

a. $654
b.$645
c.$660
d.$648

Zara, a global retail and apparel manufacturer based in spain that has successfully implemented this idea by having a continuous flow of new products that are typically limited in supply. zara has created a system that draws its clientèle into its stores, on average, 17 times per year as compared to 4 times per year for most stores. how is zara using it to gain competitive advantage? what specific technologies are used by zara to maintain this advantage over its competition?