Problem 11-3 (IAA) Emcee Company provided the following information relating to inventory for the month of December: Units Unit cost Unit selling price 52 50 90 Dec. 1 Beginning 7 Purchase 12 Sale 17 Purchase 22 Purchase 28 Sale 10,000 30,000 20,000 60,000 20,000 70,000 45 43 90 Required: Assuming the entity used the periodic system, compute the December 31 inventory and cost of goods sold under