Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: 92 units @ $26 Oct. 1 8 15 27 Inventory Sale Purchase Sale 74 units a. Cost of goods sold on Oct. 27 b. Inventory on Oct. 31 102 units @ $29 86 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.

Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88HX are as follows: Assuming a perpetual inventory system and using the Last-in, first-out (UFO) method, determine (o) the cost of goods sold on Oct. 27 and (D) the inventory on Oct. 31