Maxell Company uses the FIFO method to assign costs to inventory and cost of goods sold. The company uses a periodic inventory system. Consider the following information: Date January 1 Uune 2 November 5 Description Beginning inventory Purchase Sales # of units 120 65 135 Cost per unit $5 $4 What amounts would be reported as the cost of goods sold and ending inventory balances for the year? Multiple Choice Cost of goods sold $660; Ending Inventory $200 Cost of goods sold $675; Ending inventory $125 Cost of goods sold $735; Ending inventory $225 Cost of goods sold $610; Ending inventory $250