The inventory data for an item for November are: Nov. 1 Inventory 16 units at $23 9 units 4 Sold 10 Purchased 35 units at $19 17 Sold 21 units 22 units at $22 30 Purchased Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? a. $606 b. 5634 c. $767 d. $883 The following lots of commodity z were available for sale during the year Beginning Inventory 8 units at $51 First purchase 19 units at $53 Second purchase 50 units at $55 Third purchase 14 units at $57 The firm uses the periodic system, and there are 25 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? a $1,275 b. $1,309 C. $4,963 d. $1.403 Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September Sep. 1 Inventory 20 units at $20 4 Sold 10 units 10 Purchased 30 units at $25 17 Sold 20 units 30 Purchased 10 units at $30 if Addison uses FIFO, the September 30 inventory is a. 5750 b. $650 c. $700 d. 5800