The inventory data for an item for November are: Nov. 1 Inventory 4 Sold 10 Purchased 23 units at $23 8 units 31 units at $19 19 units 24 units at $24 17 Sold 30 Purchased Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? Oa. $545 Ob. $605 Oc. $890 Od. $1,089 The Boxwood Company sells blankets for $37 each. The following was taken from the inventory records during May. The company had no beginning Inventory on May 1. Date Blankets Units Cost May 3 Purchase 7 $17 10. Sale 3 17 Purchase 15 $18 20 Sale 5 23 Sale 3 30 Purchase 9 $19 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO inventory cost method, Oa. $158 Ob. $89 Oc. $141 Od. $86