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Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 75 units @ $16 7 Sale 49 units 15 Purchase
Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 75 units @ $16 7 Sale 49 units 15 Purchase 82 units @ $17 24 Sale 30 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 $ S
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