During 2018, noval company sells 230 units of inventory for $100 each.

applies to the questions displayed below.) During 2018, Noval Company sells 230 units of inventory for $100 each. The compeny has the following inventory purchase transactions for 2018 of Unit Total Cost Date Transaction Jan. 1 Apr. 7 Purchase Units Cost Beginning inventory 170 70 50 $63 $ 3.150 65 11,050 67 4,690 Oct 9 Purchase 290 s 18,890 References Exercise E-6 Understand the effects of switching from LIFO to FIFO LOE 3) Section Break value: 0.25 points Exercise E-6 Part 1 Required: 1. Calculate ending Inventory, cost of goods sold, and gross proft for 2018, assuming the company uses Liro with a perlodic inventory system. LIFO Cost of Goods SoldEnding Inventory for Sale Number Unit Total Number Unit Total Number UnitTotal of 07 Oct 09 Sales revenue Gross