During 2024, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2024: Date January 1 Transaction Beginning inventory September 8 Purchase Number of Total Units Unit Cost 17 $60 Cost $1,020 17 62 1,054 34 $2,074 Calculate ending inventory and cost of goods sold for 2024 assuming the company uses FIFO. Ending inventory Cost of goods sold