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The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sale 10 units 10 Purchase 30 units at $20 17 Sale 20 units 30 Purchase 10 units at $21 Using a perpetual system, what is the cost of merchandise sold for November if the company uses LIFO?
a. $600
b. $590
c. $610
d. $580
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The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sale 10 units 10...
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