Beginning inventory, purchases, and sales for Item 88-HX are as follows:

Oct. 1		Inventory	88 units @ $23
8		Sale	70 units
15		Purchase	98 units @ $27
27		Sale	82 units

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Oct. 27 and (b) the inventory on Oct. 31.

a. Cost of goods sold on Oct. 27	What is the Total?
b. Inventory on Oct. 31	What is the total?