From the following, calculate the cost of ending inventory and cost of goods sold for the FIFO method, ending inventory is 50 units. (Round your answers to the nearest cent.) Beginning inventory and purchases Units January 1 5 Unit cost $1.40 April 10 10 1.90 May 15 12 2.40 July 22 15 2.65 August 19 18 3.40 September 30 20 3.60 November 18 32 3.80 December 15 16 4.20 Cost of ending inventory Cost of goods sold