Determine the cost of goods sold for the following based on a Specific identification method. Candis Gifts reported the following current-year data for its only product. The company uses a periodic inventory system and its ending inventory consists of 435 units-145 from each of the last three purchases Jan 1 Beginning inventory Mar 7 Purchase July 28 Purchase Oct 3 Purchase Dec 19 Purchase 325 units @ $4.80 = S 1560 690 units @ $4.60 = 3 174 890 units @ 54 30 3.827 1.190 units @ $320 = 3,808 340 units @$3.10 = 1,054 Totals 3.435 units $ 13.423