The inventory data for an item for November are:Nov. 1 Inventory25 units at $254 Sold11 units10 Purchased29 units...
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Accounting
The inventory data for an item for November are:
| Nov. 1 | Inventory | 25 units at $25 | |
| 4 | Sold | 11 units | |
| 10 | Purchased | 29 units at $21 | |
| 17 | Sold | 15 units | |
| 30 | Purchased | 25 units at $24 |
Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO?
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