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Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows:...

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Accounting

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows:

Oct. 1st - Inventory 65 units @ $21

Oct 7- Sale 47 units

Oct 15 - Purchase 58 units @ $24

Oct, 24 - Sale 23 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 would be??

b. Inventory on October 31 would be??

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