Brief Exercise 8-8 (Algo) LIFO method' (L08-4) Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $648,000 (27,000 units at $24 each). During 2021, 94,000 units were purchased, all at the same price of $30 per unit. 97,000 units were sold during 2021 Calculate the December 31, 2021, ending Inventory and cost of goods sold for 2021 based on a periodic inventory system. f Exercise 8-8 (Algo) LIFO method [LO8-4) Tre Inc. uses the LIFO method to report its Inventory. Inventory at January 1, 2021, was $648,000 (27,000 units at $24 each) ig 2021, 94,000 units were purchased, all at the same price of $30 per unit. 97,000 units were sold during 2021. alate the December 31, 2021, ending Inventory and cost of goods sold for 2021 based on a periodic Inventory system. Cost of Goods Available for Sale COGS - Periodic LIFO Ending Inventory - Periodic LIFO of units Cost per unit Cost of Goods Available #of units sold Cost per unit Cost of Goods Sold #of units in ending Inventory por unit Endin Invent ning Inventory hases