Use the following to answer questions 7 - 17 During September, KM Company sells 9,800 watches for $300.00 each. The company has the following inventory purchase transactions for September: 7. 4 What were company's sales for the period? For questions 8 - 10 assume the company uses First-in, First-out (FIFO) inventory valuation. 8. 5 Calculate ending inventory (FIFO) 9. Calculate cost of goods sold (FIFO) 10. Calculate gross profit (FIFO)