30 tires @ $52 each Oct. 1 Beginning merchandise inventory Oct. 11 Purchase Oct. 23 Sale 10 tires @ $64 each 20 tires @ $73 each 20 tires @ $75 each 22 tires @ $73 each Oct. 26 Purchase Oct. 29 Sale Uld USC Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Oct. 1 11 23 26 29 Totals Compute gross profit using the FIFO inventory costing method. Gross profit is using the FIFO inventory costing method