Question: Question Content Area The inventory data for an item for November are: Nov. 1 Inventory 18 units at $25 4 Sold 11 units 10 Purchased

  1. Question Content Area

    The inventory data for an item for November are:

    Nov. 1 Inventory 18 units at $25
    4 Sold 11 units
    10 Purchased 30 units at $20
    17 Sold 19 units
    30 Purchased 25 units at $20

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

    a.$830

    b.$655

    c.$690

    d.$860

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