Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $700,000 (35,000 units at $20 each). During 2021, 110,000 units were purchased, all at the same price of $26 per unit. 115,000 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.