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Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 90 units at $52 Oct. 7 Sale 75 Units Oct. 15

Beginning inventory, purchases, and sales for Item Zeta9 are as follows:

Oct. 1 Inventory 90 units at $52
Oct. 7 Sale 75 Units
Oct. 15 Purchase 125 Units at $58
Oct. 24 Sale 150 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.

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