com/m/takeAssignment/takeAssignmentMain doinvoker cation) eBook Show Me How signmentSessionLocator-proge-fabe Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Bem Zeta9 are as follows: Oct. 1 Inventory 2 Sale 55 units $22 43 units 15 Purchase 51 $25 24 Sale 21 unit Assuming a perpetual inventory system and using the first in, first-out (FIFO) the term (a) the cost of goods sold on October 24 and (3) the entury Octuber 31 a. Cost of goods sold on October 24 b. Inventory on October 311 Foodak Check My Work 1,265 X 1,375 x a. When the FIFO method is used costs are included in cost of goods sold in the order which they were purchased Think of your inventory tens of "ayins Determine how much ment remains from each layer after each sale b. The ending inventory is made up of the most recent purchases