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The inventory data for an item for November are: Nov. 1 Inventory 19 units at $18 4 Sale 11 units 10 Purchase 30 units at
The inventory data for an item for November are:
Nov. 1 | Inventory | 19 units at $18 |
4 | Sale | 11 units |
10 | Purchase | 30 units at $19 |
17 | Sale | 21 units |
30 | Purchase | 22 units at $21 |
Using a perpetual system, what is the cost of merchandise sold for November if the company uses LIFO?
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