CH 5 HWK 1.00 points during the year were 1,260 units. Beginning inventory was 390 units at a cost of $5 per unt. Purchase 1 was 630 units at $6 per unit. Purchase 2 wes 970 units at $7 per unit Required: a. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using FIFO method. (Enter all values as a positive value) . EFO | Cost of Good,A Cost of Goods Sold Cost of Goods | # of units Sof Cost per Available for sold units Of units Cost per Ending Cost of in ending unitInventory unit unit Goods Sold Beg Inventory Purchase 1 Purchase2 Total b. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method. (Enter all values as a positive value.) LIFO Cost of Goo Cost of Goods Sold ds Available for Sale Cost of Goods Available for # of units : in ending # of | Cost per | units Cost of # of units | Cost per | Cost per Ending unit Invent unit sold unit Goods Sold Beg. Inventory Purchase 1 Purchase 2 Total