Question: NOW Online teaching and learning resource from Cong Beginning inventory, purchases, and sales for Product XCX are as follows: Sep. 1 Beginning Inventory 26 units

NOW Online teaching and learning resource from Cong Beginning inventory, purchases, and sales for Product XCX are as follows: Sep. 1 Beginning Inventory 26 units @ $14 5 Sale 13 units 17 Purchase 27 units $15 30 Sale 17 units Assuming a perpetual Inventory system and the last-in, first-out method, determine (a) the cost of the goods sold for the September 30 sale and (b) the inventory on September 30. a) Cost of goods sold b) Inventory, September 30

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