help

Show Me How Print Item Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jul. 1 Inventory 8 Sale 15 Purchase 27 Sale 90 units $31 72 units 100 units $34 84 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Jul. 27 and (b) the inventory on 3ud. 31. a. Cost of goods sold on Jul. 27 b. Inventory on Jul. 31 anstomea aer a Determine how much inventory e a. W en te L O method is used the cost of he units sold is he cost of the most recent purchases. Think of your inventory in terms of ayers b. The ending inventory is made up of the oldest purchases