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Beginning inventory, purchases, and sales for Product XCX are as follows: Sep. 1...

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Accounting

Beginning inventory, purchases, and sales for Product XCX are as follows:
Sep. 1 Beginning Inventory 22 units @ $12
5 Sale 12 units
17 Purchase 20 units @ $14
30 Sale 15 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 $fill in the blank 1
b) Inventory, September 30 $fill in the blank 2

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