Mojo Industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the time of each sale, as if it uses a perpetual inventory system. Assume its accounting records provided the following information at the end of the accounting period, January 31. The inventory's selling price is $11 per unit. Unit Cost $4.50 Total Cost $1,575 Transactions Inventory, January 1 Sale, January 10 Purchase, January 12 Sale, January 17 Purchase, January 26 Units 350 (300) 450 (250) 130 5.00 2,250 6.00 780 Required: 1. Calculate the cost of goods sold and ending inventory for Mojo Industries assuming it applies the LIFO cost method perpetually at the time of each sale. Answer is complete but not entirely correct. $ Ending Inventory Cost of Goods Sold 2,575 2,030 $