Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows:...
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Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 44 units @ $22 7 Sale 33 units 15 Purchase 38 units @ $23 24 Sale 20 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of the goods sold on October 24 and (b) the inventory value on October 31.
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