p. 355 PE 7-3A Perpetual inventory using LIFO Beginning inventory, purchases, and sales for Item FK7 are as follows: Sept. 1 10 18 27 Inventory Sale Purchase Sale 115 units at $255 100 units 110 units at $260 105 units OBJ.3 Soldat 8300 Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on September 27 and (b) the inventory on September 30.

PE 7-3A Perpetual inventory using LIFO Beginning inventory, purchases. and sales for Item FK7 are as follows: Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on September 27 and (b) the inventory on September 30