Crane Company uses a periodic inventory system. For October, when the company sold 1,690 units, the following information is available. Units Unit Cost Total Cost October 1 inventory 580 $ 22 $ 12,760...

Extracted text: Crane Company uses a periodic inventory system. For October, when the company sold 1,690 units, the following information is available. Units Unit Cost Total Cost October 1 inventory 580 $ 22 $ 12,760 October 8 purchase 1,160 23 26,680 October 25 purchase 580 26 15,080 2,320 $ 54,520 Compute the October 31 inventory and the October cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $ %24 %24