Question 7.2 The inventory data for an item for November are: Nov. 1 Inventory 4 Sale 20 units at $19 10 units 30 units at $20 20 units 10 Purchase 17 Sale 30 Purchase 10 units at $21 Using a perpetual system, what is the cost of merchandise sold for November if the company uses FIFO? O $580 O $610 O $600 O $590 Question 7.3 Addison, Inc uses a perpetual inventory system. The following is information about one inventory item for the month of September: Sept. 1 Inventory 2 4 Sale 10 Purchase 17 Sale 30 Purchase 20 units at $20 10 units 30 units at $25 20 units 10 units at $30 If Addison uses FIFO, the cost of the endin g merchandise inventory on September 30 is O $750 O $800 $700 O s650