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 120 90 6e 270 Unit Cost $21 16 9 Total Cost $2,520 1,440 S40 $4,500 Jan. 1-Dec. 31 Sales 170 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 100 units of unsold inventory to be $500. Required: 1. Using FIFO, calculate ending inventory and cost of goods sold. Ending inventory Cost of goods sold