Perpetual Inventory Using FIFO

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

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 $24$

b$.$ Inventory on October $31$

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