Perpetual Inventory Using LIFO

Beginning inventory, purchases, and sales for Item $88-Hx$ are as follows:

$\backslash$table$[[$an$.1,$Inventory,$110$ units @ $$20],[8,$Sale,$88$ units$],[15,$Purchase,$122$ units @$$2],[27,$Sale,$102$ units$]]$

Assuming a perpetual inventory system and using the last$-$in$,$ first$-$out $($LIFO$)$ method, determine $($a$)$ the cost of goods sold on Jan. $27$ and $($b$)$ the inventory on Jan. $31.$

a$.$ Cost of goods sold on Jan. $27$

b$.$ Inventory on Jan. $31$

$$610\mathrm{.}98x$

$$251\mathrm{.}58$