Date January 1 June 2 November 5 Description Beginning inventory Purchase Sales # of units cost per unit 140 80 160 $4 $3 What amounts would be reported as the cost of goods sold and ending inventory balances for the year? Multiple Choice Cost of goods sold $640: Ending inventory $140 Cost of goods sold $700, Ending inventory $210 Cost of goods sold $560, Ending inventory $240 Cost of goods sold $620: Ending inventory $180