Perpetual inventory using FIFO

Beginning inventory, purchases, and sales for Item Zeta$9$ are as follows:

Date Line Item Description Value

Oct. $1$ Inventory $40$ units @ $$21$

Oct. $7$ Sale $27$ units

Oct. $15$ Purchase $44$ units @ $$22$

Oct. $24$ Sale $17$ 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 $31.$

a$.$ Cost of the goods sold on October $24$ fill in the blank $1$ of $2$

b$.$ Inventory value on October $31$ fill in the blank $2$ of $2$