4. Below is November inventory information for Hall Company's most popular inventory item. Use this information to calculate November cost of goods sold using the last in first out (LIFO) method. Date Transaction # Units Cost/Unit 11/1 Beginning Inventory 25 $20 11/11 Purchase Inventory 10 $24 11/18 Sales at $39 per unit 16 ? a. $740 b. $360 C. $320 d. $380 20. Coffee Company made a $250 sale to a customer on account. Coffee Company originally paid $105 for the coffee sold to the customer. How should Coffee Company record this transaction? a. Increase cost of goods sold by $250 b. Increase inventory by $105 c. Increase accounts payable by $250 d. Increase revenue by $250