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Beginning inventory, purchases, and sales for an inventory item are as follows:

Sep. 1	Beginning Inventory	22	units	@	$13
5	Sale	14	units
17	Purchase	20	units	@	$15
30	Sale	19	units

Assuming a perpetual inventory system and the last-in, first-out method:

Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 22 units @ $13 5 Sale 14 units 17 Purchase 20 units @ $15 30 Sale 19 units Assuming a perpetual inventory system and the last-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. $ b. Determine the inventory on September 30