Beginning inventory, purchases, and sales for Item CJ10 are as follows: Apr. 1 Inventory 30 units at

Question:

Beginning inventory, purchases, and sales for Item CJ10 are as follows:

Apr. 1 Inventory 30 units at $70
8 Sale 18 units
15 Purchase 25 units at $72
24 Sale 15 units

Assuming a perpetual inventory system and using the first-in, first-out (LIFO) method, determine
(a) The cost of merchandise sold on April 24 and
(b) The inventory on April 30.