Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: 44 units @ $20 7

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Perpetual Inventory Using Fifo Beginning Inventory Purchases And Sales For Item Zeta9 Are As Follows 44 Units 20 7 1 (13.53 KiB) Viewed 12 times

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: 44 units @ $20 7 30 units 15 44 units @ $21 24 Sale 18 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 Oct. 1 Inventory Sale Purchase.