A company has the following inventory information and uses the periodic system: May 1 Beginning Inventory 13 units at $2 each May 4 Purchase 10 units at $3 each Sale 19 units May 7 The company uses the FIFO method of inventory costing. What is the cost of goods sold and the ending merchandise inventory? OA COGS 544: Merchandise Inventory S12 OB. COGS $8; Merchandise Inventory $48 OC. COGS $48, Merchandise Inventory S8 OD. COGS $12, Merchandise Inventory $44