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Calculator Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 28 units @ $15 5 Sale 16 units

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Calculator Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 28 units @ $15 5 Sale 16 units 17 Purchase 29 units @ $16 30 Sale 30 units Assuming a perpetual inventory system and the first-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30

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