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Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: Oct. 1 Inventory 7 9 units @ $ 2

Perpetual inventory using FIFO
Beginning inventory, purchases, and sales for Item Zeta9 are as follows:
Oct. 1 Inventory 79 units @ $24
Oct. 7 Sale 61 units
Oct. 15 Purchase 51 units @ $25
Oct. 24 Sale 24 units October 31.
a. Cost of goods sold on October 24
b. Inventory on October 31
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