Please make sure the answer ic correct 100%!

Toso Company uses the periodic inventory system to account for inventories. Information related to Toso Company's inventory at October 31 is given below:

		units	Unit cost ($)	Total cost ($)
October 1	Beginning inventory	400	10	4,000
October 8	Purchase	800	12	9,600
October 16	Purchase	600	14	8,400
October 24	Purchase	200	16	3,200
Total		2,000 units		$ 25,200

Ending inventory units= 500 units

Unit sold = 1,500 units

Instructions

Note: Show computations for each of the methods

Calculate the value of ending inventory and cost of goods sold for the month of October using

a) FIFO method

Ending inventory	Cost of goods sold

b) Average cost method

Ending Inventory	Cost of goods sold