Question: 35j The inventory data for an item for November are: Nov. 1 Inventory 20 units at $23 4 Sale 10 units 10 Purchase 35 units

35j The inventory data for an item for November are:

Nov. 1 Inventory 20 units at $23
4 Sale 10 units
10 Purchase 35 units at $25
17 Sale 19 units
30 Purchase 24 units at $27

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

a.$705

b.$935

c.$1,298

d.$685

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