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

Jan. 1		Inventory	80 units @ $15
8		Sale	64 units
15		Purchase	89 units @ $17
27		Sale	75 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	1275
b. Inventory on Jan. 31	?