Intercontinental Inc., uses a periodic inventory system. At the end of Year 2, the account records provided the following information relating to one of its products. Units Unit Cost Inventory, December 31, Year 1 1,830 $ 6 For Year 2: Purchase, March 21, Year 2 6,200 $ 5 Purchase, August 1, Year 2 4,070 $ 3 Inventory, December 31, Year 2 2,910 What is the amount of ending inventory and cost of goods sold under the LIFO inventory costing method? (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.)

Multiple Choice Ending inventory = $2,910; Cost of goods sold = $9,190 Ending inventory = $8,730; Cost of goods sold = $45,460 Ending inventory = $13,032; Cost of goods sold = $41,158 Ending inventory = $16,380; Cost of goods sold = $37,810