Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units @ $15.00 14 11 Purchase 14 units @ $16.00 14 21 Sale Purchase 14 units Sale 12 units @ 16 units $17.00 25 Assuming the business maintains a perpetual inventory system, calculate the cost of goods sold and ending inventory using FIFO. Select the correct answer. O cost of goods sold $698.00 ending inventory $236.00 O cost of goods sold $462.00 ending inventory $698.00 O cost of goods sold $236.00 ending inventory $462.00 O cost of goods sold $462.00 ending inventory $236.00