11 Required information The following Information applies to the questions displayed below.) Trends by Tiffany sells high-end leather purses. The company has the following inventory transactions for the year. Transactions Units Unit Cost Total Cost Jan. 1 Beginning inventory $390 $ 4,290 Apr. 9 Purchase 19 410 7,790 Oct. 4 Purchase 440 7,480 $19,56e Jan. 1-Dec. 31 Sales Date 17 42 41 Because trends in purses change frequently, Trends by Tiffany estimates that the remaining six purses have a net realizable value at December 31 of only $240 each 2. Using LIFO, calculate ending inventory and cost of goods sold Ending inventory Cost of goods sold