Question: The inventory data for an item for November are: Using the perpetual system, costing by the first-in, first-out method, what is the cost of the
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Using the perpetual system, costing by the first-in, first-out method, what is the cost of the merchandise inventory of 30 units on November 30?
a. $640
b. $610
c. $620
d. $630
Now. Ilaventory 120 units at $20 10 units 10 Purchased 30 units at $21 17 Sold 20 units 30 Purchased 10 units at S22
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