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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 8 8 - H x are as follows: table [ [ Oct .

Perpetual Inventory Using LIFO
Beginning inventory, purchases, and sales for Item 88-Hx are as follows:
\table[[Oct.1,Inventory,80 units @ $18],[8,Sale,64 units],[15,Purchase,89 units @ $21],[27,Sale,75 units]]
Assuming a perpetual inventory system and using the last-in, first-out (LIFO) 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
$
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