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The inventory data for an item for November are: Date Line Item Description Units and Cost Nov. 1 Inventory 20 units at $19 4 Sold

The inventory data for an item for November are: Date Line Item Description Units and Cost Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at $20 17 Sold 20 units 30 Purchased 10 units at $22 Using a perpetual system, what is the cost of goods sold for November if the company uses LIFO?

a. $600

b. $590

c. $580

d. $610

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