Collins Company had the following information for the year ending December 31: Units Unit Cost $45 Beginning inventory 310 520 Purchase: April 6 44 Sale: 540 Purchase: 260 43 May 4 July 19 September 9 October 10 Sale: 320 Purchase 150 39 Collins uses the perpetual inventory system and the LIFO method. Required: Using LIFO (a) Compute the cost of ending inventory. (b) Compute the cost of goods sold for the year. s Cost of ending inventory Cost of goods sold