Question: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: table [ [ ct . 1 , Inventory,
Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales for Item Zeta are as follows:
tablectInventory, units@$Sale, unitsPurchase, units @$Sale, units
Assuming a perpetual inventory system and using the firstin firstout FIFO method, determine a the cost of the goods sold on October and b the inventory value on October
a Cost of the goods sold on October
b Inventory value on October
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