Perpetual Inventory Ung FIFO Beginning inventory, purchases and sales for Item Zare as follows Oct 1 Inventory 76 units25 2 Sale S4 units 15 Purchase 61 Unise 527 24 Sale 25 units Assuming a perpetual inventory wystem and using the first in first-out (ro) method, determine () the cost of goods sold on October 24 and (b) the inventory on October 31 Cost of goods sold on October 24 b. Inventory on October 31 Perpetual Inventory Using LIO Beginning inventory, purchases, and sales for tem BHXbre as follows July Inventory 88 units 523 Sale 70 units 15 Purchase 98 units 520 27 Sale 82 units Assuming a perpetual inventory system and using the last fest out (FO) method, determine (c) the cost of goods sold on July 27 and (b) the inventory on July 31 a. Cost of gods sold on July 27 b. Trventory on July 31