3. Johnson Corporation hegan 2016 with inventory of 22,000 unim of its only product. The units cost $2 each. The company uses a periodic inventory system and the LIFO cost method. The following transactions occurred during 2016: a. Purchased 110,000 additional units at a cost of $12 per unit. Terms of the purchases were 2r'10, [#30, and 100% of the purchases were paid for Twithin the 10-day discount period. The company uses the gross method to record purchase discounts. The merchandise was purchased f.o.h. shipping point and freight charges of $0.40 per unit were paid by Johnson. 2,200 units purchased during the year were returned to suppliers for credit. Johnson was also given credit for the freight charges of $0.40 per unit it had paid on the original purchase. The units were defective and were rehrrned two days after they were received. Sales for the year totaled 105,000 units at $10 per unit. 9.55 [in December 26, 2016, Johnson purchased 6,200 additional units at $10 each. The goods were shipped f.o.h. destination and arrived at Johnson's warehouse on Jantu 41, 2012. e. 24-,600 units were on hand at the end of 2016. equired: Complete the below table to determine the ending inventory and cost of goods sold for 2016