SF6A-11 (similar to) The periodic inventory records of Miami Prosthetics indicate the following for the month of October: BE: (Click the icon to view the inventory records.) At October 31, Miami counts seven units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Miami using the FIFO inventory costing method. FIFO Cost Ending Merchandise Inventory Cost of Goods Sold Data Table x Oct. 1 10 units @ $40 each Beginning merchandise inventory Purchase Oct. 8 12 units @ $45 each Oct. 15 Purchase 15 units @ $45 each Oct. 26 Purchase 10 units @ $50 each Print Done Done