NOWv2 Online teachir X CengageNoW2 Assignment C Perpetual Inventory Using FIFOX + keAssignment/takeAssignment Main.doFinkertakeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calota Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for item Zeta are as follows: Oct. 1 Inventory 47 units $24 7 Sale 35 units 15 Purchase 41 units $26 24 Sale 17 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 X b. Inventory on October 31 a When the FIFO manod is used, continued in cost of good in the order in which they were purchased think of your inventory in terms of Determine how much inventory remains ton son layer aterachse The ending wory is made up of the most recent purchases o