Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Date Line Item Description Value Oct. 1 Inventory 80 units @ $20 Oct. 7 Sale 55 units Oct. 15 Purchase 66 units @ $22 Oct. 24 Sale 31 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