Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 61 units @ $23 Oct. 7 Sale Oct. 15 Oct. 24 Sale Purchase 31. 42 units 59 units @ $25 24 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 inventory value on October a. Cost of the goods sold on October 24 b. Inventory value on October 31

Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: 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 inventory value on October 31 . a. Cost of the goods sold on October 24 b. Inventory value on October 31