Perpetual Inventory Using FIFO.

Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 36 units @ $197 Sale 30 units15 Purchase 33 units @ $2224 Sale 14 units

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 $fill in the blank 11,410b. Inventory on October 31 $fill in the blank 2