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Show Me How Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta are as follows: Oct. 1 Inventory 75 units 520 7
Show Me How Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta are as follows: Oct. 1 Inventory 75 units 520 7 Sale 49 units 15 Purchase 83 units $21 24 Sale 2 units Assuming a perpetual inventory system and using the first fest out (FO) method, determine () the cost of goods sold on October 24 and (b) the inventory on October 31 Cost of goods sold on October 24 394 X Inventory on October 31 714 X O Wor
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