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Beginning inventory, purchases, and sales for Item 1744 are as follows: July 1 Inventory 90 units $17 12 Sale 75 units 19 Purchase 125 units

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Beginning inventory, purchases, and sales for Item 1744 are as follows: July 1 Inventory 90 units $17 12 Sale 75 units 19 Purchase 125 units $18 28 Sale 80 units Assuming a perpetual inventory system and LIFO method, determine the cost of merchandise sold for July and the ending inventory value at the end of July. 32a. Cost of merchandise sold Samount? 32b. Ending inventory Samount

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