Question: Ferpetual inventory using FIFO Beginning inventory, purchases, and sales for Item zetar are as fellows: Assuming a perpetual inventory system and using the first-in, first-out

Ferpetual inventory using FIFO Beginning inventory, purchases, and sales for Item zetar are as fellows: Assuming a perpetual inventory system and using the first-in, first-out (fifo) method, determine (o) the colt of goods sold on october 24 and (b) the inventorr on October 31. a. Cost of goods sold on October 24 b. Inventory on October 31 x x

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