Take: Practice! Perpetual Inventory Using LIFO 1 pt Perpetual inventory using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: July 1 Inventory July 8 July 15 July 27 Sale Sale Purchase a. Cost of goods sold on July 27 b. Inventory on July 31 92 units @ $17 74 units Submit Answer 102 units @ $20 Assuming a 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. 86 units Try Another Version

Take: Practice! Perpetual Inventory Using LIFO I pr Perpetual inventory using uro Beginning fimentery, purchase, and sales for ttem Ag-HX are as follows: Assuming a perpetual inventory system and using the last-in, first-out (ufo) method, determine (a) the cost of poods sold on Jufy 27 and (b) the inventory on July 31. a. Cost of goods pold on July 2 ? b. Inventory on puly 31