9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Question 1 Toso Company uses the periodic inventory system to account for inventories. Information related to Toso Company's inventory at October 31 is given below. October 1 Beginning inventory 400 units $10.00- 8 Purchase 800 units $10.40- $4,000 8.320 16 Purchase 600 units $10.80- 6.480 24 Purchase 200 units @$11.60- 2.320 Total units and cost 2.000 units $21.120 Sales during the month are 1450 Units. Instructions: Show computations to value the ending inventory and Cost of Goods Sold using the FIFO cost method. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph xx < P - Arial 14px T * Moving to the next question prevents changes to this answer. 3 EB Ix +6