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Crane Company uses a periodic inventory system. For October, when the company sold 1,690 units, the following information is available. Units Unit Cost Total Cost

Crane Company uses a periodic inventory system. For October, when the company sold 1,690 units, the following information is available.

Units Unit Cost Total Cost
October 1 inventory 580 $22 $12,760
October 8 purchase 1,160 23 26,680
October 25 purchase 580 26 15,080
2,320 $54,520

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

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