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  3. a company had the following purchases and sales du

A company had the following purchases and sales during the month of November Units Sold...

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Accounting

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A company had the following purchases and sales during the month of November Units Sold at Retail Date November 1 November 2 November 6 November 8 Activities Beginning inventory Purchase Purchase Sales Units Acquired at Cost 5 units e $52 = $260 10 units @ $54 = $540 6 units @ $57 = $342 -6 8 units @ $103 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice $696 $712 $784 vember 8 after the sale? Multiple Choice $696 $712 $784 $704 $692 A company's inventory records report the following in November of the current year. Units Sold at Retail Date Nov. 1 Nov. 2 Nov. 8 Nov. 12 Activities Beginning inventory Purchase Sales Purchase Units Acquired at Cost 5 units e $46 - $ 230 10 units @ $48 = $480 12 units SBO 6 units @ $51 - $ 306 Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units solc Multiple Choice $594 5514 5370 D 12 units Multiple Choice 5594 $514 5370 $444 5572

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