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Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: Oct. 1 Inventory 7 3 units @ $ 1

Perpetual inventory using FIFO
Beginning inventory, purchases, and sales for Item Zeta9 are as follows:
Oct. 1 Inventory 73 units @ $17
Oct. 7 Sale
61 units
Oct. 15 Purchase
58 units @ $19
Oct. 24 Sale
17 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 24x
b. Inventory on October 31
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