Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 65 units @ $19 Oct. 7 53 units 68 units @ $21 19 units Sale Oct. 15 Oct. 24 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. Purchase a. Cost of goods sold on October 24 b. Inventory on October 31 1,281 ✓

Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 65 units @ $19 Oct. 7 53 units 68 units @ $21 19 units Sale Oct. 15 Oct. 24 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. Purchase a. Cost of goods sold on October 24 b. Inventory on October 31 1,281 ✓

Name: Help me with both please asap. Perpetual inventory using FIFOBeginning
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Description: Help me with both please asap. Perpetual inventory using FIFOBeginning inventory, purchases, and sales for Item Zeta9 are as follows:#EOct. 1 InventoryOct. 7 SaleOct. 15 PurchaseOct. 24 Sale65 units @ $1953 units68 units @ $2119 unitsAssuming a perpe

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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