During 2021, a company sells 150 units of inventory for $60 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 56 106 80 242 Unit Cost $41 40 39 Total Cost $2,296 4,240 3,120 $9,656 Actual sales by the company include its entire beginning inventory, 86 units of inventory from the May 5 purchase, and 8 units from the November 3 purchase. Calculate cost of goods sold and ending inventory for 2021 assuming the company uses specific identification. Cost of goods sold Ending inventory During 2021, a company sells 150 units of inventory for $60 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 56 106 80 242 Unit Cost $41 40 39 Total Cost $2,296 4,240 3,120 $9,656 Actual sales by the company include its entire beginning inventory, 86 units of inventory from the May 5 purchase, and 8 units from the November 3 purchase. Calculate cost of goods sold and ending inventory for 2021 assuming the company uses specific identification. Cost of goods sold Ending inventory