Perpetual Inventory Using LIFO

Beginning inventory, purchases, and sales for Item CZ83 are as follows:

Ch 7'2 PraCtiCE ExerCiSES eBook Show Me How Calculator Prim llern 1- PE.07-02.ALGO Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item C283 are as follows: 2. PE_DT03.ALGO July 1 Inventory 82 units @ $22 3. PE.0704A 5 Sale 66 units 11 Purchase 91 units @ $25 4. PE.OT-O5.ALGO 21 Sale 76 units 5- PE.07-06.ALGO Assuming a perpetual inventory system and using the last-in, rst-out (LIFO) method, determine (a) the cost of merchandise sold on JL the inventory on July 31. a. Cost of merchandise sold on July 21 $ l b. Inventory on July 31 $ . Check M Work 2 more Check M Work uses remainin _ ( Previous Progress: 215 Items y 9 Issignment Score: 1IJ"/u All work saved. Save and Exit Submit Assignm 0 [Eli El 9 5 {497 x .- m :3