The inventory data for an item for November are: 
Using a perpetual system, what is the cost of the merchandise sold for November if the company uses FIFO?
Definitions:
Expected Total
The projected sum or outcome of a particular set of data or financial transactions over a specified period.
Dollar Sales
The total value of sales measured in monetary terms over a specific period of time.
Pretax Income
The amount of income earned by a business before taxes are deducted.
Fixed Costs
Expenses that do not change with changes in the volume of production or sales, such as rent, salaries, and insurance.
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