Dazzle Inc. has a periodic inventory system and the LIFO method to assign costs to inventory and cost of goods sold. Consider the following information: Date Description January 1 Beginning inventory October 2 Purchase December 5 Sales # of units 100 Cost per unit 05 75 $4 125 What amounts would be reported as the cost of goods sold and ending inventory balances for the period? A Cost of goods sold $625; Ending inventory $175 B Cost of goods sold $600; Ending inventory $200 Cost of goods sold $755; Ending inventory $225 Cost of goods sold $550; Ending inventory $250