Bordeaux Company has the following information related to purchases and sales of one of its inventory items: Date Description Units Sold at Retail Units Purchased at Cost 150 units @ $10 = $1,500 June 1 Beginning Inventory Purchase 1 9 200 units @ $12 = $2,400 14 Sale 1 300 units @ $25 22 Purchase 2 250 units @ $18= $4,500 29 Sale 2 225 units @ $25 Assume that Bordeaux uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method. Cost of goods sold $ X Incorrect Cost of ending inventory $ X