Question: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: Oct. 1 Inventory 5 0 units @ $ 1
Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales for Item Zeta are as follows:
Oct. Inventory units @ $
Sale units
Purchase units @ $
Sale units
Assuming a perpetual inventory system and using the firstin firstout FIFO method, determine athe cost of goods sold on October and b the inventory on October
a Cost of goods sold on October $fill in the blank
b Inventory on October $fill in the blank
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