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The inventory data for an item for November are: Nov. 1 Inventory 17 units at $20 4 Sold 9 units 10 Purchased 35 units at
The inventory data for an item for November are:
| Nov. 1 | Inventory | 17 units at $20 | |
| 4 | Sold | 9 units | |
| 10 | Purchased | 35 units at $22 | |
| 17 | Sold | 15 units | |
| 30 | Purchased | 22 units at $22 |
Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO?
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Auditing Your Information Systems And IT Infrastructure Practical Audit Programs Checklists For Internal Auditors
Authors: Nwabueze Ohia
1st Edition
1973136260, 978-1973136262
