Perpetual inventory using FIFO Beginning inventory purchases and sales for Item Zeta9 are as follows Oct 1 62 units 25 Oct 7 48

Question

Perpetual inventory using FIFO Beginning inventory purchases and sales for Item Zeta9 are as follows Oct 1 62 units 25 Oct 7 48 units Oct 15 73 units 26 Oct 24 Sale 22 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 Inventory Sale Purchase a Cost of goods sold on October 24 b Inventory on October 31 X X

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