Question: need help solving Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 56 units @ $17

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need help solving Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 56 units @ $17 7 Sale 51 units 15 Purchase 75 units @ $18 24 Sale 24 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (e) the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 355 b. Inventory on October 31 1,188

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