1. Nov. 1: Inventory 20 units at $19
Business, 17.04.2020 19:55 naenae2cold12021
The inventory data for an item for November are:
1. Nov. 1: Inventory 20 units at $19
2. Nov. 10: Purchased 30 units at $20
3. Nov. 4: Sold 10 units
4. Nov. 17: Sold 20 units
5. Nov. 30: Purchased 10 units at $21
Using a perpetual system, what is the cost of the merchandise sold for November if the company uses LIFO?
a. $610
b. $600
c. $590
d. $580
Answers: 2
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Madeline quits her job, at which she was earning $20,000 per year. she then takes $50,000 out of savings, on which she was earning 10% interest, and uses it to buy supplies for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs. in her first year of operations, madeline receives $150,000 in revenue from sales. instructions: round each answer to a whole number. madeline's accounting cost is
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The inventory data for an item for November are:
1. Nov. 1: Inventory 20 units at $19
1. Nov. 1: Inventory 20 units at $19
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