A companys inventory records report the following in November of the current year:

Beginning	November 1	4 units @ $5
Purchase	November 2	11 units @ $7
Purchase	November 12	7 units @ $9

On November 8, it sold 13 units for $35 each. Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 13 units sold?

A) $140

B) $87

C) $100

D) $160

E) $105

A company had beginning inventory of 11 units at a cost of $9 each on March 1. On March 2, it purchased 11 units at $16 each. On March 6 it purchased 5 units at $16 each. On March 8, it sold 25 units for $59 each. Using the FIFO perpetual inventory method, what was the cost of the 25 units sold?

A) $355

B) $323

C) $400

D) $275

E) $243