in Course: SUBR X My Home f C .v2.cengagenow.com Homework07Cho7 Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item B901 are as follows: July 1 Inventory 45 units $15 9 Sale 36 units 13 Purchase 45 units $16 28 Sale 13 units Assuming a perpetual inventory system and using the first-In, first-out (FIFO) method, determine (a) the cost of merchandise sold on July 28 and (b) the inventory on July 31. a. Cost of merchandise sold on July 28 b. Inventory on July 31 Check My Work Previous Next > Assignment Score: 0.0% A Email Instructor Save and EXE Submit Assignment for Grading