Marel Company uses the FIFO method to assign costs to eventory and cost of goods sold The company uses a periodic inventory system Consider the following formation Date January 1 Description Beginning inventory # of units 200 Cost per unit 20. 270 June 2 November 5 Purchase Sales What amounts would be reported as the cost of goods sold and ending inventory balances for the year? Mutes Chove Co of goods sold SADRO. Endgemary $100 Cost of goods sold $1070), Evideng nventory $180 Ceel of goods sold $110, Diding or $20 O OO Cost of goods weld St Ending way $240