Q5: (4 points) Catlet Co. uses a periodic inventory system. Its records show the following for the month of Sept, in which 110 units were sold 80$ per unit. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 30 $ 97 $ 2,910 Sept. 12 Purchases 42 102 4,284 Sept. 19 Purchases 104 5,200 Sept. 26 Purchases 105 6,300 Totals 182 $18,694 50 60 Instructions Compute the ending inventory at Sept 30 and cost of goods sold using the FIFO methods. Compute Gross Profit at Sept 30 using the FIFO methods