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Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Date Line...

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Accounting

Beginning inventory, purchases, and sales for Item Zeta9 are as follows:
Date Line Item Description Value
Oct. 1 Inventory 78 units @ $17
Oct. 7 Sale 61 units
Oct. 15 Purchase 92 units @ $20
Oct. 24 Sale 25 units
Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31.
a. Cost of goods sold on October 24 fill in the blank 1 of 2
b. Inventory on October 31

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