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Sunland Company uses a periodic inventory system. For October, when the company sold 550 units, the following information is available. Units Unit Cost Total Cost

Sunland Company uses a periodic inventory system. For October, when the company sold 550 units, the following information is available.

Units Unit Cost Total Cost
October 1 inventory 200 $16 $3,200
October 8 purchase 400 17 6,800
October 25 purchase 200 20 4,000
800 $14,000

Compute the October 31 inventory and the October cost of goods sold using the FIFO method.

Ending inventory $enter the ending inventory in dollars
Cost of goods sold $enter the cost of goods sold in dollars

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