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

Jan. 1		Inventory	104 units @ $33
8		Sale	83 units
15		Purchase	115 units @ $36
27		Sale	97 units

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

a. Cost of goods sold on Jan. 27
b. Inventory on Jan. 31