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Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 65 units @ $21 7 Sale 52 units 15 Purchase 59

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

Oct. 1 Inventory 65 units @ $21
7 Sale 52 units
15 Purchase 59 units @ $22
24 Sale 17 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
b. Inventory on October 31

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