During September 2020, Sam Baldwin, Inc., purchased $20,000 worth of inventory from a supplier. Acme submitted the order on September 23, and the supplier shipped the inventory on September 27. The shipment was delivered to Baldwin on October 2, and Baldwin paid for the inventory on October 11. When should Baldwin recognize the inventory on its balance sheet? (Note: unique circumstances might lead to different answers, but choose the timing of inventory recognition that is typical for purchases such as these) September 23 September 27 O October 2 October 11 + Josh Baskin Corp. opened for business in November 2020. During November, Baskin purchased 200 items of inventory for $2.00 each ($400 total cost). During December, Baskin purchased another 200 items for $3.00 each ($600 total cost). In late December, Baskin had its first and only sale of the quarter, 250 items for $5.00 each ($1,250 total revenue). What is Baskin's Cost of Goods Sold for the December sale of 250 items? Baskin uses the FIFO cost flow assumption. (just enter the number, without any commas or a dollar sign)