:E. 2.H.LHeading 5 Paragraph a-1 Heading 6-11Normall1No Spac Heading 1 Heading 2 Styles Heading 7 Tit Part 2: During 2014, Smith & Co. sold 42,000 units of its product. The following units were on and or purchased during the year: Deginding inontor A1/20101,000 515,1.0$181,200 Units 12,000 Cost per Total Cost $15.10 Purchase #1: (2/2/16) Purchase #2: (6/15/16) Purchase #3: (10/31/16) 16,000$15.25 $244,000 $263,500 17,000 $15.50 15,000 $15.75 $236250 60,000 924,950 Total Available for Sale Less Sold Ending Inventory Required: In the table above, fill in the number of units sold and the number of units in Ending Inventory. Calculate ending inventory and cost of goods sold for the next 3 questions. 1) If the company used the FIFO method, what is the value of ending inventory and cost of goods sold? Ending Inventory: Cost of Goods Sold