Beginning inventory, purchases, and sales for Item Zeta$9$ are as follows:

Date Line Item Description Value

Oct. $1$ Inventory $61$ units @ $$22$

Oct. $7$ Sale $49$ units

Oct. $15$ Purchase $38$ units @ $$26$

Oct. $24$ Sale $16$ units

Assuming a perpetual inventory system and using the first$-$in$,$ first$-$out $($FIFO$)$ method, determine $($a$)$ the cost of the goods sold on October $24$ and $($b$)$ the inventory value on October $31.$

a$.$ Cost of the goods sold on October $24$ fill in the blank $1$ of $2$

b$.$ Inventory value on October $31$