Jan. 1 B 15 Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Inventory 94 units $15 Sale 75 units Purchase 104 units o $17 27 Sale 87 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