23 of 29 < > View Policies -/1 E Current Attempt in Progress Royal Throne Company uses a periodic inventory system. For October, when the company sold 1,150 units, the following information is available. Units Unit Cost Total Cost October 1 inventory 400 $20 $8,000 October 8 purchase 800 21 16,800 October 25 purchase 400 24 9,600 1,600 $34,400 Compute the October 31 inventory and the October cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $ eTextbook and Media