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Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: Oct. 1 Inventory 4 7 units @ $ 1 5 7 Sale 3

Beginning inventory, purchases, and sales for Item Zeta9 are as follows:
Oct. 1 Inventory 47 units @ $15
7 Sale 34 units
15 Purchase 49 units @ $16
24 Sale 18 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
b. Inventory on October 31 $fill in the blank 2

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