Use the following to answer questions 7 - 17 During September, the company sells 925 watches for $269.99 each. The company has the following inventory purchase transactions for September: Date Transaction of Units Unit cost Total Cost 1-Sep Beginning Inventory $159.00 $12,720 4-Sep Purchase $163.00 92,910 24-Sep| Purchase $164.00 57.400 $163,030 80 570 350 1.000 7. $ What were company's sales for the period? For questions 8 - 10 assume the company uses First-in, First-out (FIFO) inventory valuation. 8. $ 9. $ Calculate ending inventory (FIFO) Calculate cost of goods sold (FIFO) 10. $ Calculate gross profit (FIFO)