Question 5 (2 points) Saved Donkey Company has a periodic inventory system and uses the LIFO method to assign costs to inventory and the cost of goods sold. Consider the following information: Date Description # of units Cost per unit January 1 Beginning inventory 100 $5 October 2 Purchase 75 $4 December 5 Sales 150 What amounts would be reported as the cost of goods sold and ending inventory balances for the period? Question 5 options: Cost of goods sold $625; Ending inventory $175 Cost of goods sold $675; Ending inventory $125 Cost of goods sold $550; Ending inventory $250 Cost of goods sold $600; Ending inventory $200