7 units es Required information (The following information applies to the questions displayed below.) Luther has a bird shop that sells canaries. Luther maintains accurate records on the number of birds purchased from its suppliers and the number sold to customers. The records show the following purchases and sales during 2024 Date Transactions Unit Cost January 1 Beginning inventory Total Cost 43 $22 $9.46 April 14 Purchase 62 24 August 22 Purchase 1.488 112 26 2,912 October 29 Purchase 77 28 2.156 294 $7.502 January 1 to December 31 Sales (542 each) 264 Luther uses a periodic Inventory system and believes there are 30 birds remaining in ending inventory. However Luther neglects to make a final inventory count at the end of the year. An employee accidentally left one of the cages open one night and 10 birds flew away, leaving only 20 birds in ending inventory, Luther is not aware of the lost canaries 00213 Required: 1. What amount will Luther calculate for ending inventory and cost of goods sold using FIFO, assuming he erroneously believes 30 canaries remain in ending inventory? Ending inventory Cost of goods told