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Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: on hand on October 3 1 . a .

Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales for Item Zeta9 are as follows:
on hand on October 31.
a. Cost of the goods sold on October 24
b. Inventory value on October 31
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inventory remains from each layer after each sale.
b. The ending inventory is made up of the most recent purchases.
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