Esquire Inc. uses the LIFO method to report its inventory. Inventory at January $1,2021,$ was $$950,000(38,000$ units at $$25$ each$).$

During $2021,116,000$ units were purchased, all at the same price of $$30$ per unit. $120,000$ 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.