The inventory data for an item for November are: Nov. 01 Inventory...
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Accounting
The inventory data for an item for November are:
| Nov. 01 | Inventory | 20 units at $20 |
| 04 | Sale | 10 units |
| 10 | Purchase | 30 units at $22 |
| 17 | Sale | 22 units |
| 30 | Purchase | 22 units at $23 |
Using a perpetual system, what is the cost of merchandise sold for November if the company uses LIFO?
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