18 A company has beginning inventory for the year of $11,000. During the year, the company purchases inventory for $130,000 and ends the year with $28,000 of inventory. The company will report cost of goods sold equal to: 00:4615 Multiple Choice $113,000 $158 000 $147,000 $130,000 During 2021, o company sells 22 units of inventory. The company has the following Inventory purchase transactions for 2021 19 Date Transaction Jan. 1 Beginning inventory Sep Purchase Number of Units 16 14 30 Unit Cost $51 53 Total Cost $916 742 $1,558 00:46:00 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold