Overview & Insight X My Home x CengageNOWV2 Online X ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Cengage Digital Learnin x eBook Show Me How Calculator Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Oct. 1 Inventory 110 units $33 8 Sale 88 units 15 Purchase 122 units $37 27 Sale 102 units Assuming a perpetual inventory system and using the last in, first-out (LJFC) method, determine (a) the cost of goods sold on Oct. 27 and (b) the inventory on Oct. 31 a. Cost of goods sold on Oct. 27 b. Inventory on Oct. 31 Previous Next Check My Work 1 more Check My Work uses remaining ve and El Sunt Assignment for Grading All work saved