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Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Date Line Item Description Value Oct. 1 Inventory 38 units @ $24 Oct. 7

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

Date Line Item Description Value
Oct. 1 Inventory 38 units @ $24
Oct. 7 Sale 28 units
Oct. 15 Purchase 41 units @ $25
Oct. 24 Sale 19 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 fill in the blank 1 of 2 b. Inventory on October 31

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