! 5 Part 2 of 2 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. Date January 1 April 9 October 4 00:33:52 Transactions Beginning inventory Purchase Purchase January 1 to December 31 Sales 2. Using LIFO, calculate ending inventory and cost of goods sold. Ending inventory Cost of goods sold Units Unit Cost Total Cost 20 $500 $10,000 30 520 15,600 11 550 6,050 61 $31,650 52