Book Show Me How Calculator Print Item Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item Gidget are as follows: Sept. 1 Inventory 80 units at $175 10 Sale 65 units 18 Purchase 75 units at $180 27 Sale 70 units Assuming a perpetual inventory system and using the last in, first-out (LIFO) method, determine (a) the cost of merchandise sold on September 27 and (b) the inventory on September 30. a. Cost of merchandise sold on September 27 $ 11,375 X b. Inventory on September 30 12,600 X ory in m o r e When the UFO method is used the cost of the old is the cost of the most recent purchases Think of your w how much remainstrom e rtersachse The ending is made of the purchase Chad My work more che Previous Next ERITY OPE''