Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 42 units @ $16 7 Sale 32 units 15 Purchase 43 units $17 24 Sale 18 units Assuming a perpetual inventory system and using the first-in, fist-out (FIFO) method, determine (a) the cost of poods sold on October 24 anit () the inventory on October 31 8. Cost of goods sold on October 24 b. Inventory on October 31