- Answer format: With a comma, no decimal places, and no peso signs. Example: Your computed amount is 123456.78910. Encode it as 123,457. - For negative amounts: Place your answer inside the parenthesis. Example: Your answer is negative 123,457. Encode it as (123,457). Emcee Company provided the following information relating to inventory for December: Units Unit cost 52 50 Dec. 1 Beginning 7 Purchase 17 Purchase 22 Purchase 10,000 30.000 60,000 20,000 43 43 The company uses the periodic inventory system. A physical inventory count was conducted on December 31 resulting to 30,000 units on hand. Based on the given information, compute the amount of the ending inventory and the cost of goods sold for December: FIFO Ending inventory 1,310, Cost of goods sold 2,020,000 Weighted average Ending inventory Cost of goods sold LIFO Ending inventory Cost of goods sold