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Perpetual inventory using LIFO Beginning inventory, purchases, and sales for Item 8 8 - H x are as follows: table [ [ y 1

Perpetual inventory using LIFO
Beginning inventory, purchases, and sales for Item 88-Hx are as follows:
\table[[y1,Inventory,110 units @ $33],[July 8,Sale,88 units],[July 15,Purchase,122 units @$35],[July 27,Sale,102 units]]
Assuming perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on July 27 and (b) the inventory on July 31.
a. Cost of goods sold on July 27
b. Inventory on July 311,426
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