Sandhill Company uses a periodic inventory system. For October, when the company sold 970 units, the following information is available. Total Cost October 1 inventory October 8 purchase October 25 purchase Units 340 680 340 1.360 Unit Cost $24 25 $8,160 17,000 9,520 28 $34.680 Compute the October 31 inventory and the October cost of goods sold using the FIFO method. Ending inventory Cost of goods sold 5