Perpetual Inventory Using FIFO

Beginning inventory, purchases, and sales for Item Zeta$9$ are as follows:

$\backslash$table$[[$Oct$.1,$Inventory,$63$ units @ $$25],[7,$Sale,$52$ units$],[15,$Purchase,$72$ units @ $$27],[24,$Sale,$16$ units$]]$

Assuming a perpetual inventory system and using the first$-$in$,$ first$-$out $($FIFO$)$ method, determine $($a$)$ the cost of the goods sold on October $24$ and $($b$)$ the value of inventory on hand on October $31.$

a$.$ Cost of the goods sold on October $24$ $

b$.$ Inventory value on October $31$

$