Esquire Incorporated uses the LIFO method to report its inventory. Inventory at the beginning of the year was $$700,000(28,000$ units at $$25$ each$).$ During the year, $96,000$ units were purchased, all at the same price of $$32$ per unit. $98,000$ units were sold during the year.Calculate ending inventory and cost of goods sold at the end of the year based on a periodic inventory system