Maxell Company uses the FIFO method to assign costs to Inventory and cost of goods sold. The company uses a perlodic Inventory system. Consider the following Information: Date January 1 June 2 November 5 Description Beginning Inventory Purchase Sales # of units 210 75 245 Cost per unit $5 $4 What amounts would be reported as the cost of goods sold and ending inventory balances for the year? Cost of goods sold $1,225: Ending inventory $215 OCost of goods sold $1,365, Ending inventory $180 O Cost of goods sold $1150: Ending inventory $200 Cost of goods sold $1190, Ending inventory $160