Perpetual Inventory Using FIFO 7 Beginning inventory, purchases, and sales for Item Zeta are as follows: Oct 1 Inventory 55 units $25 Sale 45 units 15 Purchase 33 units $30 24 Sale 15 units Assuming a perpetual mentory system and using the first in, first out (FFO) method, determine (b) 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 31 140 1,525 Ched When the Foro method is net com encabed cost of product on the order which they were purchases Thea of your very interme "Denue to who rema tomechayer her each sale The ending wory is made up of the most recent pas