1) Use the information below to calculate the cost of goods sold and the cost ending inventory-using FIFO (10 Points). a. Cost of Goods Sold - UnitsCost $ Cost $ b. Ending Inventory - Units Cost Total Units Sold Sale Price Total Activity 1-Jan Beginning Inventory 5 Date Units 500 10 5,000 200 11 2,200 100 $ 12 $ 1,200 10-Jan Purchase 15-Jan Purchase 17-an Sale 21-Jan Purchase 25-Jan Purchase 400 $ 30 12,000 200 $ 12 $ 2,400 500 $ 14 7,000 27-Jan Sale 600 $ 30 $ 18,000 Total