During 2021, a company sells 260 units of inventory for $87 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 68 169 180 Unit Cost $67 68 70 Total Cost $ 4,556 11,492 12,600 $28,648 417 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold