Esquire Inc uses the LIFO method to report its inventory Inventory at January 1, 2021, was $888,000 (37,000 units at $24 each). During 2021, 114.000 units were purchased, all at the same price of $29 per unit, 117,000 units were sold during 2021 Calculate the December 31, 2021, ending inventory and cost of goods sold for 2021 based on a periodic inventory system Beginning Inventory Purchases Total Cost of Goods Available for Sale COGS Periodic LIFO # of units Cost per unit Cost of Goods Available Cost a of units sold per Cost of Goods Sold unit 37,000 $24 $ 888,000 $24 114,000 29 3,306,000 $29 151,000 $ 4,194,000 Ending Inventory Periodic LIFO Cost of units in ending inventory per unit Ending: Inventory $ 24 $29