Solve for only part b thanku (b)Calculate ending inventory at October 31 and cost of goods sold for the month assuming that DL used (1) FIFO and (2) averagecost. (Round average cost per unit to 2 decimal places, e.g. 50.25 and all other answers to the nearest whole dollar, e.g. 5,275.)Cost of ending inventoryCost of goods soldLA$LAFIFOtAtA$Average Deala Ltd. (DL) is a retailer of office equipment. The company uses a periodic inventory system and on October 1 had 2,000 units ofinventory with a total cost of $46,000. During the month of October, DL had the following inventory-related transactions:DateOct.(a)912172528ExplanationPurchasePurchasesSalePurchaseSaleYour answer is correct.Units4,5004,300(4,500 )4,300(6,300 )Cost of goods available for saleUnit Cost/Price$24.00tA23.50FIFO40.00Determine the cost of goods available for sale for the month.23.8040.00357390LATotal Cost$108,000101,050102,340Average357390

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Calculate ending inventory at October 31 and cost of goods sold for the month assuming that DL used (1) FIFO and (2) average cost. (Round average cost per unit to 2 decimal places, e.g. 50.25 and all other answers to the nearest whole dollar, e.g. 5,275.) Cost of ending inventory Cost of goods sold $ $ FIFO $ LA $ Average