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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 19 units at
Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? Nov. 01 Inventory 19 units at $23.00 Nov. 04 Sold 11 units Nov. 10 Purchased 34 units at $19.00 Nov. 17 Sold 24 units Nov. 30 Purchased 21 units at $21.00 Using the perpetual LIFO system, what is the cost of the merchandise sold for November? Select the correct answer. $741.00 $783.00 $893.00 O $709.00
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