Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Mar. 1 Inventory 102 units $28 8 Sale 82 units 15 Purchase 113 units $32 27 Sale 95 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Mar. 27 and (b) the inventory on Mar 2 a. Cost of goods sold on Mar. 27 b. Inventory on Mar. 31