Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 33 units @ $15 5 Sale 19 units 17 Purchase 35 units @ $17 30 Sale 34 units Assuming a perpetual inventory system and the first-in, first-out method: a. Determine the cost of goods sold for the September 30 sale. b. Determine the inventory on September 30.

Beginning inventory, purchases, and sales for an inventory item are as follows: Assuming a perpetual inventory system and the first-in, first-out method: a. Determine the cost of goods sold for the September 30 sale. b. Determine the inventory on September 30