Given the following information, compute the cost of ending inventory and cost of goods sold under the FIFO method.Oriole AppliancesWasher HosesDateExplanationUnitsJan. $1$Unit CostBeginning InventoryTotal CostMar. $2247$$Purchase$376110$Jul. $3$Purchase$990$Oct. $3122010$Purchase$2,2006312$Total units available for sale$756440$$ $4,322$Units in ending inventory$(102)$Units sold$338$Step $1$Ending InventoryDateUnitsUnit CostTotal Cost