Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $500,000 (20,000 units at $25 each). During 2021, 80,000 units were purchased, all at the same price of $30 per unit. 85,000 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. Cost of Goods Available for Sale COGS Periodic LIFO Cost Ending Inventory-Periodic LIFO #of units in ending inventory Cost Cost per Cost of Goods Available per #of units sold Cost of Goods Sold per unit unit unit Beginning Inventory 20,000 $25 $ $25 $ $25 $ Purchases 80,000 30 $:30 $30 Total 100,000 $ $ 0 $ #of units 500,000 2,400,000 2,900,000 0 0 0 0 Ending Inventory OOO 0 0