please show how you got it using FIFO

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta are as follows: Oct. 1 76 units $24 Inventory Sale 7 55 units 15 Purchase 46 units $26 24 Sale 27 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 24 998 Incorrect b. Inventory on October 31 Feedback Check My Wor When the FIFO method is used, costs are included in cost of goods sold in the order in which they were purchased. Think of your inventory in forms of Tayers Determine how much Inventory remains from each layer for each sa The ending inventory is made up of the most recent purchases