Concord Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit Cost Total Cost Balance in Units Aug. 2 Purchases 237 $73 $17,301 237 3 Purchases 475 97 46,075 712 10 Sales (300) 412 15 Purchases 894 122 109,068 1,306 25 Sales (330) 976 (a) Calculate the cost of goods sold and ending inventory using the FIFO cost method. Cost of goods sold $ Ending inventory $