Question Content Area

The inventory data for an item for November are:

Date Line Item Description Units and Cost

Nov. $1$ Inventory $16$ units at $$18$

$4$ Sold $10$ units

$10$ Purchased $35$ units at $$22$

$17$ Sold $20$ units

$30$ Purchased $25$ units at $$25$

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

a$.$ $$620$

b$.$ $$728$

c$.$ $$1,087$

d$.$ $$596$