Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory $15 5 17 Sale Purchase Sale 29 units 17 units 31 units 32 units $17 30 Assuming a perpetual inventory system and the first in, first-out method, determine (a) the cost of the goods sold for the September 30 sale and (b) the Inventory on September 30. a. Cost of goods sold b. Inventory, September 30 $ Previous Next > Email Instructor All work saved. Submit Test for Grading