Business, 07.05.2020 05:07 xaniawashington

The inventory data for an item for November are:

1. Nov. 1: Inventory 20 units at $19

2. Nov. 10: Purchased 30 units at $20

3. Nov. 4: Sold 10 units

4. Nov. 17: Sold 20 units

5. Nov. 30: Purchased 10 units at $21

Using a perpetual system, what is the cost of the merchandise sold for November if the company uses LIFO?

a. $610

b. $600

c. $590

d. $580

Answers: 1

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The inventory data for an item for November are:

1. Nov. 1: Inventory 20 units at $19

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