2. BE.06-02. ALGO (Algorithmic) Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 68 units @ $17 7 Sale 46 units 15 Purchase 46 units @ $20 24 Sale 30 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 24 $ b. Inventory on October 31 $ 3. BE 06-03.ALGO (Algorithmic) Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jul. 1 Inventory 102 units @ $18 8 Sale 82 units 15 Purchase 113 units @ $20 27 Sale 95 units Assuming a perpetual Inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Jul 27 and (b) the inventory on Jul 31. a. Cost of goods sold on Jul. 27 $ b. Inventory on Jul. 31 $