Required information {The following information applies to the questions displayed below! Trends by Tiffany sells high-end leather purses. The company has the following inventory transactions for the year Date Transactions Units Unit Cost Total Cost Jan. 1 Beginning inventory 11 $390 $.4,290 Apr. 9 Purchase 19 7,790 Oct. 4 Purchase 17 440 7.480 47 $19,560 Jan. 1-Dec. 31 Sales 41 410 Because trends in purses change frequently, Trends by Tiffany estimates that the remaining six purses have a net realizable value at December 31 of only $240 each 2. Using LIFO, calculate ending inventory and cost of goods sold Erding inventory Cost of goods sold