Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: 56 units @ $21 4

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Perpetual Inventory Using Fifo Beginning Inventory Purchases And Sales For Item Zeta9 Are As Follows 56 Units 21 4 1 (16.4 KiB) Viewed 15 times

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: 56 units @ $21 43 units 46 units @ $24 21 units Oct. 1 7 15 24 Inventory Sale Purchase Sale 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