Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory Costing method at the time of each sale, as if it uses a perpetual inventory system. Assume its accounting records provided the following infomation at the end of the annual accounting period, December 31 Unit Transactions Units Cost 1,ee $ 5e Beginning inventory, January 1 Transactions during the year a. Purchase, January 30 b. Sale, March 14 ($1ee each) Purchase, May 1 Sale, August 31 (31e0 each) 2,aee (1,439) 1,188 (1,8e9) 62 C. d. 1. Calculate the cost of goods sold and ending inventory for Gladstone Company assuming it applies the LIFO cost method perpetually at the time ofeach sale Cost of Goods Sold Ending Inventory