ABC Company began January with inventory of 65 widgets that had a total cost of $3,835. During the month ABC purchased and sold the following: Jan 2. Purchased 145 widgets at $80 each Jan 5 Sold 160 widgets at $96 each (selling price) Jan 16 Purchased 170 widgets at $90 each Jan 27. Sold 175 widgets at $110 each (selling price) Using the above information and the chapter 10 computation worksheet posted in D2L, calculate the following: 5) Cost of goods sold under LIFO 6) Gross Profit under LIFO 7) Ending inventory under LIFO