The inventory data for an item for November are: Nov. 1 Inventory 17 units at $21 4 Sale 10 units 10 Purchase 32 units at $22 17 Sale 18 units 30 Purchase 21 units at $24 Using a perpetual system,...

The inventory data for an item for November are:

Nov. 1	Inventory	17 units at $21
4	Sale	10 units
10	Purchase	32 units at $22
17	Sale	18 units
30	Purchase	21 units at $24

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

a.$753

b.$966

c.$606

d.$599

Jun 02, 2022

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