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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 Zeta are as follows:
Date Line Item Description Value
Oct. Inventory units @ $
Oct. Sale units
Oct. Purchase units @ $
Oct. Sale units
Assuming a perpetual inventory system and using the firstin firstout FIFO method, determine a the cost of goods sold on October and b the inventory on October
a Cost of goods sold on October fill in the blank of
b Inventory on October fill in the blank of
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