You are provided with the following information for Great Disguises Ltd. which purchases face masks for various events. All purchases are made in cash. The company uses the perpetual inventory system on the FIFO (first-in-first-out) basis to account for the masks. On September 30, 2017, the company had 200 masks in inventory at a cost of $8.25 per mask. In preparation for the Halloween season, the following transactions occurred during the month of October 2017. 1. Cost of goods sold and 2. Ending inventory for the month of October

\begin{tabular}{|l|l|c|c|} \hline \multicolumn{1}{|c|}{ Date } & \multicolumn{1}{|c|}{ Activity } & Units & Cost/SellingPriceperunit \\ \hline October 2 & Purchases & 1,500 & $8.75 \\ \hline October 4 & Sales & 1,200 & $19.50 \\ \hline October 13 & Purchases & 2,000 & $8.85 \\ \hline October 24 & Sales & 2,300 & $21.50 \\ \hline \end{tabular}