On December 1, 2022, Matthias Company has the following account balance. Debit Credit Cash $4.900 Accumulated Depreciation Equipment $1,600 Accounts Receivable 3.600 3,200 Accounts Payable Common Stock Inventory 1.920 19.100 0.120 Equipment 21.700 Retained Earnings S32020 $32.020 13,200 x $0.601 The following transactions occurred during December Dec 3 5 7 Purchased 2,800 units of inventory on account at a cost of $0.70 per unit Sold 4.200 units of inventory on account for $0.90 per unit. Matthias sold 3,200 of the S0.60 units and 1,000 of the $0.70.) Granted the December 5 customer S270 credit for 300 units of inventory returned casting $216. These units wars returned to inventory Purchased 2.100 units of inventory for cash at $0.00 each Sold 2,000 units of inventory on account for $0.95 per unit. (Matthias sold 2,000 of the $0.70 units. 17 22 Adjustment data: 1. Acerved salariss payable $390. Depreciation $190 per month 2. le) () Compute ending inventory and cost of goods sold under LIFO, assuming Matthias Company uses the periodic inventory system. S Ending Inventory S Cost of Goods Sold