Question: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta are as follows: Oct. 1 Inventory 80 units @ $24 7 Sale 55

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta are as follows: Oct. 1 Inventory 80 units @ $24 7 Sale 55 units 15 Purchase 56 units @ $26 24 Sale 29 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 Check My Work Previous Wind Next Award CE 40 ENG 8:34 2020/10

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