Concord Ltd. (CL) is a retailer of office equipment. The company uses a periodic inventory system and on October 1 had 1,800 units of inventory with a total cost of $37,800. During the month of October, CL had the following inventory-related transactions: Date Oct. 9 12 17 25 Explanation Purchase Purchase Sale Purchase 28 Sale Units 4,900 3,600 (4,900) 3,900 (5,400) Unit Cost/Price $22.00 21.50 39.00 21.80 39.00 A Total Cost $107,800 77,400 85,020

Concord Ltd. (CL) is a retailer of office equipment. The company uses a periodic inventory system and on October 1 had 1,800 units 0 inventory with a total cost of $37,800. During the month of October, CL had the following inventory-related transactions: Calculate ending inventory at October 31 and cost of goods sold for the month assuming that CL used (1) FIFO and (2) average cost. (Round average cost per unit to 2 decimal places, e.g. 20.25 and all other answers to 0 decimal places, e.g. 5,275.)