Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows:

Oct. 1 Inventory 38 units @ $15

Oct. 7 Sale 29 units

Oct.15 Purchase 44 units @ $16

Oct. 24 Sale 14 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