Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 52 units @ $25 7 Sale 44 units 15 Purchase 62 units @ $29 24 Sale 15 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 value of inventory on hand on October 31. a. Cost of the goods sold on October 24 2,003 X b. Inventory value on October 31 1,387 X Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 58 units @ $24 7 Sale 41 units 15 Purchase 46 units @ $28 24 Sale 24 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 value of inventory on hand on October 31. a. Cost of the goods sold on October 24 b. Inventory value on October 31