Question 7 Beginning inventory, purchases, and sales for Item CSW15 are as follows: August 1 Inventory 108 15 9 Sale 97 16 Purchase 127 23 25 Sale 79 Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the Cost of Merchandise Sold in August. Add your answer 2 Points Question 8 Beginning inventory, purchases, and sales for Item CSW15 are as follows: August 1 Inventory 106 15 9 Sale 91 16 Purchase 128 19 25 Sale 78 2 Points Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the inventory value on August 31. Add your answer Question 9 Beginning inventory, purchases, and sales for Item MMM8 are as follows: November 1 Inventory 103 15 9 Sale 90 16 Purchase 133 11 25 Sale 80 2 Points Assuming a perpetual inventory system and using the Last-in, first-out (FIFO) method, determine the inventory value on November 30.