Calculate the ending inventory and cost of goods sold using the LIFO method. Beginning Inventory and Purchases Purchased Units Unit Cost Total Cost Beginning Inventory 100 $4 $400 June 200 $5 $1,000 July 125 $7 $875 August 300 $6 $1,880 Units Available For Sale 725 $4075 Ending Inventory Units on Hand 350 Cost of Units on Hand $ Units Sold 375 Cost of Goods Sold $ Using the LIFO method and the information in this table, what is the Cost of Units on Hand and Cost of Goods Sold during this period? a.) Units on Hand: $2,575 Cost of Goods Sold: $1,500 b.) Units on Hand: $2,275 Cost of Goods Sold: $1,800 c.) Units on Hand: $1,750 Cost of Goods Sold: $2,325 d.) Units on Hand: $1,400 Cost of Goods Sold: $2,675