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Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: Oct. 1 Inventory 3 6 units @ $ 1
Perpetual inventory using FIFO
Beginning inventory, purchases, and sales for Item Zeta are as follows:
Oct. Inventory
units @ $
Oct. Sale
units
Oct. Purchase
units
@ $
Oct. Sale
units
Assuming a perpetual inventory system and using the firstin firstout FIFO method, determine a the cost of goods sold on October and b the inventory on October
a Cost of goods sold on October
b Inventory on October
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