Questions Adnan Naeem Imports, Lad has the following information about the inventory of clectronic components for October 2016 Date Quantity Cost per les 150 Beginning lovestory October Purchase 117 October Purchase 128 October Pachse Rs. 31 HOME ASSIGNMENT-3 ACC-201- FINANCIAL ACCOUNTING (SECTIONS 26 & 34) At the end of October, 220 components remained in inventory Requirement (a): If uses the FIFO method of allocating inventory, what would be the cost of poods sold for October Requirement (b): If company uses the FIFO method of allocating inventory costs, what would be the ending inventory? Answer: Cost of goods sold Amount Cost of Ending Inventory