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Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: Oct. 1 Inventory 4 3 units @ $ 1

Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales for Item Zeta9 are as follows:
Oct. 1 Inventory 43 units @ $19
7 Sale 35 units
15 Purchase 33 units @ $21
24 Sale 15 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 value of inventory on hand on October 31.
a. Cost of the goods sold on October 24 $
fill in the blank 1
b. Inventory value on October 31

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