Calculator Merchandise is sold for cash. The selling price of the merchandise is $3,700 and the sale is subject to a 7% state sales tax. The journal entry to record the sale would include credit to Ca. Cash for $3,700 b. Sales Tax Payable for $259 c. Sales for $3.959 d. Sales for $3,700 The inventory data for an item for November are: Nov. 1 Inventory 24 units at $20 4 Sold 9 units 10 Purchased 35 units at $22 17 Sold 19 units 30 Purchased 21 units at $22 Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? a. $898 b. $598 Cc. $568 d. $1,144