ilm/take Assignment/take AssignmentMain.do?invoker=assignments&take AssignmentSessionLocator=assignment-take&inprogress=false eBook Show Me How Calculator Print Item Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item HM46 are as follows: July 1 Inventory 51 units @ $20 9 Sale 42 units 13 Purchase 51 units @ $23 28 Sale 13 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on July 28 and (b) the inventory on July 31 a. Cost of merchandise sold on July 28 b. Inventory on July 31 Check My Work 2 more Check My Work uses remaining