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question the inventory data for an item for november are nov 01 inventory 18 units a 4282802
Question
The inventory data for an item for November are:
|
Nov.01 |
Inventory |
18 units at $22.00 |
|
Nov.04 |
Sold |
11 units |
|
Nov.10 |
Purchased |
29 units at $21.00 |
|
Nov.17 |
Sold |
21 units |
|
Nov.30 |
Purchased |
25 units at $21.00 |
Using the perpetual system, what is the cost of the merchandisesold for November if the company uses LIFO?
