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 June 2 November 5 Description Beginning inventory Purchase Sales of units 230 85 255 Cost per unit $ 4 $ 3 What amounts would be reported as the cost of goods sold and ending inventory balances for the year? Multiple Choice Cost of goods sold $935; Ending inventory $240 Cost of goods sold $1,095; Ending inventory $210 Cost of goods sold $995; Ending inventory $180 Cost of goods sold $1,020; Ending Inventory $160