Perpetual inventory using FIFO Obj. 3 Beginning inventory, purchases, and sales for Item Zeta9 are as follows:

Oct. 1 Inventory 200 units at $30 7 Sale 160 units 15 Purchase 180 units at $33 24 Sale 150 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.

AppendixLO1