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Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: Date Line Item Description Value Oct. 1 Inventory 7 9 units @ $

Beginning inventory, purchases, and sales for Item Zeta9 are as follows:
Date Line Item Description Value
Oct. 1 Inventory 79 units @ $17
Oct. 7 Sale 64 units
Oct. 15 Purchase 77 units @ $18
Oct. 24 Sale 24 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 fill in the blank 2 of 2

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