QUESTION 2 4 points Save Answer The following information is available for Clancy Company: Beginning inventory 600 units at $4.00 1/16 purchase 900 units at $6.50 1/24 purchase 500 units at $7.20 Assume that Clancy uses a periodic inventory system and there are 760 units left at 1/31, what is the COGS and the cost of ending inventory under the FIFO method? SHOW ALL WORK For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B 1 U Paragraph Arial V V 14px III A TX % x X2 Screen > TT +] T v x 1 Ra HE EX + E {i} C + P O WORDS POWERED BY TINY