Question Content Area Beginning inventory, purchases, and sales for an inventory item are as follows: Date Line Item Description Units and Cost Sep. 1 Beginning Inventory 22 units @ $15 5 Sale 12 units 17 Purchase 24 units @ $18 30 Sale 19 units   Assuming a perpetual inventory system and the last-in, first-out method: a.  Determine the cost of goods sold for the September 30 sale.fill in the blank 1 of 2$ b.  Determine the inventory on September 30.fill in the blank 2 of 2$

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Q: a. Determine the cost of the goods sold for the September 30 sale. $fill in the blank 1 b.…

A:

Q: a.  Determine the cost of the goods sold for the September 30 sale. $fill in the blank 1 b.…

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