All that does NOT update the inventory account Ur sales is the "poate the Inventory account automatically - method/system. Periodic Perpetual theme of each Use the following data to calculate questions 2-8 A company purchased merchandise to be res "Party purchased merchandise to be resold at increasing costs during the more purchases were made at the following costs... Jan 1, 2019 Beg. Inventory Jan 5, Purchase Jan 10, Purchase Jan 25, Purchase 30 units @ $5 25 units @ $6 15 untis @ $7 30 units @ $8 2. What are the number of units and the cost of the goods available for sale? units 3. Assuming the LIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 80 units sold in Jan 31 2019? FIFO periodic cost flow assumption, what will be the company's cost of goods sold fo in Jan 31 2019