The following information applies to the questions displayed below.] During 2018, Noval Company sells 244 units of inventory for $100 each. The company has the following inventory purchase transactions for 2018.

Date	Transaction	Number of Units			Unit Cost	Total Cost
Jan. 1	Beginning inventory		57		$70		$	3,990
Apr. 7	Purchase		177		72			12,744
Oct. 9	Purchase		77		74			5,698
			311				$	22,432

2. To comply with IFRS, the company decides to instead account for inventory using FIFO. Calculate ending inventory, cost of goods sold, and gross profit for 2018. (Input all values as positive values.)

FIFO	Cost of Goods Available for Sale			Cost of Goods Sold			Ending Inventory
	Number of Units	Unit Cost	Total Cost	Number of Units	Unit Cost	Total Cost	Number of Units	Unit Cost	Total Cost
Beginning Inventory	57	$70	$3,990
Purchases:
Apr 07	177	$72	12,744
Oct 09	77	$74	5,698
Total	311		$22,432	0		$0	0		$0

Sales revenue
Gross profit