Perpetual Inventory Using UFO Beginning inventory, purchases, and sales for Item 88 HX are as follows: Oct 1 Inventory 36 units 522 8 Sale 59 units 15 Purchase 95 units O 524 22 Sale 80 units Assuming a perpetual inventory system and using the last in first-out (LF) 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