Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 22 units @ $12 5 Sale 11 units 24 units @ $13 16 units 17 Purchase 30 Sale Assuming a perpetual inventory system and the last-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 last-in, first-out method: a. Determine the cost of goods sold for the September 30 sale. b. Determine the inventory on September 30