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#11 of 22 Determine the cost of merchandise sold for the transaction on September 8 using the perpetual inventory system and the LIFO method. Date

#11 of 22 Determine the cost of merchandise sold for the transaction on September 8 using the perpetual inventory system and the LIFO method. Date Item Units Cost Total Sept. 1 Inventory 5 $5 $25 4 Purchase 8 7 56 8 Sale 6 20 Purchase 15 8 120 25 Sale 12 Oa. $25 O b. $42 Oc. $56 Od. $37

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