Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: 96 units $29 8 7

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Perpetual Inventory Using Lifo Beginning Inventory Purchases And Sales For Item 88 Hx Are As Follows 96 Units 29 8 7 1 (11.29 KiB) Viewed 9 times

Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: 96 units $29 8 77 units 15 107 units $32 27 Sale 90 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (e) 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 Oct. 1 Inventory Sale Purchase