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Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? Nov. 01 Inventory 18 units at
Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO?
Nov. 01 | Inventory | 18 units at $23.00 |
Nov. 04 | Sold | 10 units |
Nov. 10 | Purchased | 28 units at $22.00 |
Nov. 17 | Sold | 18 units |
Nov. 30 | Purchased | 22 units at $24.00 |
Using the perpetual LIFO system, what is the cost of the merchandise sold for November?
Select the correct answer.
$924.00
$810.00
$634.00
$626.00
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