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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 17 units at
Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? Nov. 01 Inventory 17 units at $24.00 Nov. 04 Sold 10 units Nov. 10 Purchased 28 units at $23.00 Nov. 17 Sold 22 units Nov. 30 Purchased 24 units at $22.00 Using the perpetual LIFO system, what is the cost of the merchandise sold for November? Select the correct answer. $827.00 $753.00 $746.00 $914.00
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