1. The following events pertains to Flattery Company that occurred during the month of September: (4 marks)

9/1 Beginning Inventory 400 units @ $50 each

9/5 Purchased 100 units @ $51 each

9/17 Sold 250 units @ $91 each

9/22 Purchased 75 units @$52 each

9/30 Sold 200 units @ $92 each

Flattery Company uses a periodic FIFO system. Determine the cost of goods sold and ending inventory for the month of September.