Company uses a periodic inventory system. For October, when the company sold1,730units, the following information is available.

Units Unit Cost Total Cost

October 1 inventory 600 $24 $14,400

October 8 purchase 1,200 25 30,000

October 25 purchase 600 28 16,800

2,400 $61,200

Compute the October 31 inventory and the October cost of goods sold using the FIFO method.

Ending inventory$

enter the ending inventory in dollars

Cost of goods sold$

enter the cost of goods sold in dollars