Assume Oahu Kiki applies its inventory costing method perpetually at the time of each sale. The company sold 240 units between January 16 and 23. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units 120 380 200 Unit Cost $ 8 9 11 Total Cost $ 960 3,420 2,200 Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO method. FIFO Ending inventory Cost of goods sold