A company has the following inventory information and uses the periodic system: May 1 Beginning Inventory 12 units at 54 each May 4 Purchase 9 units at $5 each May 7 Sale 17 units The company uses the LIFO method of inventory costing. What is the cost of goods sold and the ending merchandise inventory? O A. COGS 520, Merchandise Inventory 573 OB. COGS $16. Merchandise Inventory 577 OC. COGS $77, Merchandise Inventory S16 OD. COGS 573, Merchandise Inventory $20