eBook Print Videos Question 4 Not changed since last attempt Marked out of 2.00 Flag question Periodic System- Calculating Ending Inventory and Cost of Sales using FIFO The following information is available for Water Inc. Date Units Unit Cost 100 $50.00 75 52.00 January 1, 2020 (beginning inventory) Purchases: January 10, 2020 January 15, 2020 January 30, 2020 150 52.50 100 55.00 The company maintains a periodic inventory system. A physical count shows 125 units in stock on January 31. What is (a) ending inventory on January 31, and (b) cost of goods sold for January, using the FIFO inventory method? Note: Round your final answers below to the nearest whole dollar. Note: Use your rounded ending inventory answer to compute part b. cost of goods sold. a. Ending inventory on January 31, 2020 $ b. Cost of goods sold for January $ 6,813 17,963