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erpetual inventory using FIFO eginning inventory, purchases, and sales for Item Zeta 9 are as follows: table [ [ Oct . 1 , Inventory,

erpetual inventory using FIFO
eginning inventory, purchases, and sales for Item Zeta9 are as follows:
\table[[Oct.1,Inventory,72 units @ $24],[Oct.7,Sale,58 units],[Oct.15,Purchase,73 units @ $27],[Oct.24,Sale,21 units]]
Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, deter
a. Cost of goods sold on October 24
b. Inventory on October 31
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