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The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at
The inventory data for an item for November are:
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 $21 |
Using a perpetual system, what is the cost of the goods sold for November if the company uses FIFO?
Choices~
A) $610
B) $600
C) $590
D) $580
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