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During 2021, a company sells 160 units of inventory for $57 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan.

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During 2021, a company sells 160 units of inventory for $57 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 51 101 74 226 Unit Cost 542 41 40 Total Cost $2,142 4,141 2,960 $9,243 Actual sales by the company include its entire beginning inventory, 81 units of inventory from the May 5 purchase, and 28 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

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