Question: Question Completion Status: QUESTION 41 The inventory data for an item sold by Able Co. for November is as follows: Nov. 1 Inventory 55 units

Question Completion Status: QUESTION 41 The inventory data for an item sold by Able Co. for November is as follows: Nov. 1 Inventory 55 units at $25 each 10 Purchase 65 units at $26 each 20 Purchase - 75 units at $27 each Nov. 30 Ending Inventory: 60 units Units sold: 135 units Using the last-in, first-out (LIFO) method, what is the cost of goods sold that Able should include on its November income statement? 1.53,585 2. $1,505 3.$1,620 4. $5,090 RECTION A

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