Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 23 units @ $13 5 Sale 14 units 17 Purchase 30 Sale 26 units @ $15 14 units Assuming a perpetual inventory system and the last-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30. Assuming a perpetual inventory system and the last-in, first-out method: 1 Purchased 600 units $80 each 4 Sold 200 units 11 Purchased 350 units $82 each 12 Sold 275 units Nov. 22 Purchased 23 Sold a. Determine the inventory on November 30. 175 units $84 each 155 units b. Determine the cost of the goods sold for November. Beginning inventory, purchases, and sales for an inventory item are as follows: Beginning inventory 150 units @ $755 120 units Sale First purchase 400 units @ $785 Sale 200 units Second purchase 300 units @ $805 Sale 290 units The firm uses the perpetual inventory system and there are 240 units of the item on hand at the end of the year. What is the total cost of ending inventory according to FIFO? Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 21 units @ $25 5 Sale 12 units 17 Purchase 23 units@ $27 30 Sale 22 units Assuming a perpetual inventory system and the first-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30