Hi, I need help with this please thank you h 6 Homework Basic Exercises Show Me

Question

Hi,
I need help with this please
thank you

h 6 Homework Basic Exercises Show Me How Calculator BE.06-01.ALGO Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows BE 06-02 ALGC Oct. 1 Inventory 7 Sale 40 units @ $24 34 units 43 units $27 13 units 15 Purchase BE.06-04 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. a. Cost of goods sold on October 24 b. Inventory on October 31 BE.06-07 ALGO 1,149 X 972 1 more Check My Work uses remaining ^ 4/4/2018

Explanation / Answer

1) Cost of goods sold on oct 24 = (6*24+7*27) = 333

2) Cost of goods sold on july 27 = 84*35 = 2940

Ending inventory = (16*35+18*33) = 1154

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