1. Adnan Naeem Imports, Ltd. has the following information about the inventory of electronic components for October 2020: Beginning Inventory- 150 units @ 32; Purchase on Oct. 5- 200 units @ 32; Purchase on Oct. 17- 450 units @ 31; Purchase on Oct. 28- 100 units @ 33. At the end of October, 220 components remained in inventory. a. If the company uses FIFO method of allocating inventory, what would be the cost of goods sold for October? b. If company uses the FIFO method of allocating inventory costs, what would is the ending inventory? The Company uses periodic inventory system