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Pharoah Company uses a periodic inventory system. For October, when the company sold 730 units, the following information is available.
October 1 inventory: units = 260, Unit cost = $18, Total cost = $4680
October 8 purchase: Units = 520, Unit cost = $19, Total cost = $9880
October 25 purchase: Units = 260, Unit cost =$22, Total cost = $5720
Compute the October 31 inventory and the October cost of goods sold using the FIFO method.
Ending Inventory =
Cost of Goods Sold =
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