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Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: Oct. 1 Inventory 2 0 0 units at $

Perpetual inventory using FIFO
Beginning inventory, purchases, and sales for Item Zeta9 are as follows:
Oct. 1 Inventory 200 units at $40
Oct. 7 Sale 180 units
Oct. 15 Purchase 180 units at $45
Oct. 24 Sale 150 units
Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold o October 24 and (b) the inventory on October 31.
a. Cost of goods sold on October 24
b. Inventory on October 31
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