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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 20 units at
Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? Nov. 01 Inventory 20 units at $19.00 Nov. 04 Sold 11 units Nov. 10 Purchased 25 units at $22.00 Nov. 17 Sold 19 units Nov. 30 Purchased 24 units at $25.00 Using the perpetual LIFO system, what is the cost of the merchandise sold for November? Select the correct answer. $930.00 $627.00 $600.00 $798.00
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