Scoresby Inc. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31 Units 1,500 Unit Cost $31 Transactions o. Inventory, Beginning For the year b. Purchase, March 5 c. Purchase, September 19 d. Sale, April 15 (sold for 576 per unit) e. Sale, October 31 (sold for $79 per unit) f. Operating expenses (excluding income tox expense), 5398,000 32 34 7.500 3,500 2,200 6,500 Required 1 Required 2 Required 3 Required 4 Required 6 Compute the cost of ending inventory and cost of goods sold under (a) Cost of Ending Cost of Goods Inventory Sold FIFO LIFO Weighted Average Cost