Inventory Calculation: Springfield Pharmacy began the year with 300 units of test kits (Product A) in inventory with a unit cost of $40. The following additional purchases of Product A were made during the following months: April 1st, 200 units @ $50 each, July 1st, 300 units @ $55 each, September 15th, 350 units @ $60 each, and November 20th, 200 units @ $65 each. Month Units Cost per Unit Amount Beginning Inventory - January 1 300 $40 $12,000 April 1 200 $50 $10,000 July 1 300 $55 $16,500 September 15 350 $60 $21,000 November 20 200 $65 $13,000 Totals 1350 COGAFS $72,500 Question: At the end of the year, Springfield Pharmacy had 400 units of Product A unsold. Calculate the cost of ending inventory and the cost of goods sold using the following methods: First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted average Note: For this activity, the following abbreviations will be used: Cost of goods available for sale (COGAFS) and cost of goods sold (COGS). Complete the FIFO calculations in the following table: FIFO: 400 Units left in Inventory Units Cost per Unit Amount Cost Amount $ $ COGAFS $ $ $ Cost of Ending Inventory