Hideout Company reported the following inventory data for the year: Units Cost Per Unit Beginning Inventory 300 $17.50 Purchases: March 23 900 18.00 September 16 1,200 18.25 Units Remaining at Year End: 400 Assuming FIFO inventory valuation, compute the cost of goods sold and ending inventory. Assume that ALL sales occurred on December 31. Cost of goods sold = $7,300; Ending inventory = $36,050 Cost of goods sold = $36,050; Ending inventory = $7,300 Cost of goods sold = $36,300; Ending inventory = $7,050 Cost of goods sold = $7,050; Ending inventory = $36,300