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Perpetual inventory using FIFOBeginning inventory, purchases, and sales for Item Zeta9 are as follows:Oct. 1...

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Accounting

Perpetual inventory using FIFOBeginning inventory, purchases, and sales for Item Zeta9 are as follows:Oct. 1 Inventory 57 units @ $21Oct. 7 sales 43 unitsOct. 15 Purchase 46 units @ $24Oct. 24 Sale 23 unitsAssuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of the goods sold on October 24 and (b) the inventory value on October 31.Cost of the goods sold on October 24Inventory value on October 31

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