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What is the cost of the goods sold for november

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Reference no: EM132933141

The inventory data for an item for November are:

Nov. 1 Inventory 23 units at $19
4 Sold 11 units
10 Purchased 32 units at $23
17 Sold 24 units
30 Purchased 21 units at $22

Problem 1: Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO?

a. $713
b. $989
c. $761
d. $922

Reference no: EM132933141

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