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Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 67 units @ $24 7 Sale 54 units 15 Purchase 43
Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 67 units @ $24 7 Sale 54 units 15 Purchase 43 units @ $26 24 Sale 18 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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