Young Company uses the periodic inventory system to account for inventories. Information related to Young Company's inventory at October 31 is given below: October 1 Beginning Inventory 8 Purchase 16 Purchase 24 Purchase 400 units @ $10.00 = 800 units @ $10.40 = 600 units @ $10.80 = 200 units @ $11.60 = $ 4,000 8,3204 6,4804 2,3204 Total units and cost 2,000 units $21,1204 Required: A. Show computations and provide the total value of the ending inventory using the FIFO cost assumption if 600 units remain on hand at October 31. (6 marks) + B. Show computations and provide the gross profit using the FIFO method if 600 units remain on hand at October 31.4