Maxell Company uses the periodic FIFO method to value inventory and had the following transactions in January 2015. of its 101 112 Purchase 115 Sal 1 16 Sal 15 Required: A) The dollar amount of the cost of goods sold for January is S B) The dollar amount of the ending inventory for January is s 18 XYZ Corporation had a fire on August 1, 2015. The beginning inventory at the start of the fiscal year was S500,000. Purchases up to the date of the fire were $2,000,000. Sales for the year up to the date of the fire were $1,500,000. The company's historical gross profit percentage is 40%. Required: The dollar amount of the inventory account on the balance sheet at the date of the fire was S