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

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Accounting

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

Sept. 1 Beginning Inventory 26 units @ $13
5 Sale 12 units
17 Purchase 23 units @ $16
30 Sale 15 units

Assuming a perpetual inventory system and the last-in, first-out method, determine (a) the cost of the merchandise sold for the September 30 sale and (b) the inventory on September 30.

a) Cost of merchandise sold $
b) Inventory, September 30 $

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