1. Question Content Area

   The inventory data for an item for November are:

   Nov. 1		Inventory	25 units at $18
   4		Sold	9 units
   10		Purchased	33 units at $22
   17		Sold	21 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.$912

   b.$560

   c.$1,078

   d.$624