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Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 44 units @ $16 7 Sale 33 units 15 Purchase 33

Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 44 units @ $16 7 Sale 33 units 15 Purchase 33 units @ $18 24 Sale 16 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 inventory value on October 31. a. Cost of the goods sold on October 24 $fill in the blank 1 b. Inventory value on October 31 $fill in the blank 2

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