Chen company provided the below summary of purchases for the current period: \begin{tabular}{|l|c|c|c|} \hline & Units & Cost/Unit & Total Cost \\ \hline Beginning inventory & 1,000 & $20 & $20,000 \\ \hline Purchase H1 & 1,800 & $22 & $39,600 \\ \hline Purchase H2 & 800 & $26 & $20,800 \\ \hline Purchase H3 & 1,200 & $29 & $34,800 \\ \hline Available for sale & 4,800 & & $115,200 \\ \hline Units on hand, end of period & 2,000 & & \\ \hline Units sold during current period & 2,800 & & \\ \hline \end{tabular} 3. Assume that Chen uses the average cost method. Compute its cost of goods sold for the current period and the ending inventory balance