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Use of per Lewis C . ny had the following inventory information for the year ending December 31: Units Unit Cost Total Beginning Inventory 25 $6 $150 Purchases: March 3 20 7 140 June 15 50 11 550 September 28 55 12 660 Cost of Goods Available for Sale 150 $1,500 On December 31, Lewis Company had an ending inventory of 105 units. They use a periodic inventory syste Required: Using FIFO: (a) Compute the cost of ending inventory (b) Compute the cost of goods sold Cost of ending inventory: $ 1 Cost of goods sold: $ 0 X