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Content Area The inventory data for an item for November are: Date Line Item Description Units and Cost Nov. 1 Inventory 22 units at $18

Content Area The inventory data for an item for November are: Date Line Item Description Units and Cost Nov. 1 Inventory 22 units at $18 4 Sold 11 units 10 Purchased 26 units at $21 17 Sold 23 units 30 Purchased 21 units at $24 Using a perpetual system, what is the cost of goods sold for November if the company uses LIFO? a. $681 b. $798 c. $648 d. $879

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