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The inventory data for an item for November are: Nov. 1 Inventory 20 units at $20 4 Sold 10 units 10 Purchased 30 units at
The inventory data for an item for November are:
Nov. 1 | Inventory | 20 units at $20 |
4 | Sold | 10 units |
10 | Purchased | 30 units at $21 |
17 | Sold | 20 units |
30 | Purchased | 10 units at $22 |
Using the perpetual system, costing by the last-in, first-out method (LIFO), what is the cost of the merchandise inventory of 30 units on November 30?
$620 |
$640 |
$630 |
$610 |
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