Date Watergate, Inc. Inventory Activities Oct 1 Beginning Inventory Purchase Oct 5 Oct 9 Oct. 18 Oct. 24 Sale Purchase Sale Question 7 Details 110 units $20 50 units @ $22 Watergate, Inc.: Assuming FIFO inventory method answer the following: 1. Total cost of goods sold at the end of the period. 2. Ending inventory in dollars not units at the end of the period. 3. Gross profit for the period. Edit View Insert Format Tools Table 12pt Paragraph B I 60 units $40 70 units $25 55 units $40 22 pts