SBA Inc. sells a single product for $2 per unit and uses a periodic inventory system. The following data are available for the year: Unit Cost $1.00 $1.10 Total $500.00 $385.00 Date 1/1 2/5 4/12 7/17 9/23 11/5 Transaction Beginning inventory Purchase Sale Sale Purchase Sale Number of Units 500 350 (550) (200) 400 (300) $1.30 $520.00 Required Compute Ending Inventory or Cost of Goods Sold on November 5 using the LIFO method