Required information [The following information applies to the questions displayed below.) For the current year, Parker Games has the following Inventory transactions related to its traditional board games. Parker Games uses a periodic inventory system. Date Jan. 1 Mar. 12 Sep. 17 Transaction Beginning inventory Purchase Purchase Units 106 77 47 230 157 Unit Cost $21 16 9 Total Cost $2,226 1,232 423 $3,881 Jan. 1-Dec. 31 Sales Because of the increasing popularity of electronic video games, Parker Games continues to see a decline in the demand for board games. Sales prices have decreased by over 50% during the year. At the end of the year, Parker estimates the net realizable value of the 73 units of unsold inventory to be $370 Required: 1. Using FIFO, calculate ending Inventory and cost of goods sold Ending Inventory Cost of goods sold