es Given the following: Number purchased Cost per unit Total January 1 inventory 50 $ 5 $ 250 April 1 70 8 560 June 1 60 9 540 November 1 65 10 650 245 $2,000 a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 71 units). Cost of ending inventory b. Calculate the cost of goods sold using the LIFO (ending inventory shows 71 units). Cost of goods sold