Sylvester has a bird shop that sells canaries. Sylvester maintains accurate records on the number of birds purchased from its suppliers and the number sold to customers. The records show the following purchases and sales during 2021 Date January 1 April 14 August 22 October 29 Transactions Beginning inventory Purchase Purchase Purchase Unita 38 67 117 82 304 273 Cost per Unit $ 27 29 31 33 Totai Cost $1,026 1,943 3,627 2,706 $9,302 Jan. 1-Dec. 31 Sales ($47 each) Sylvester uses a periodic inventory system and believes there are 31 birds remaining in ending inventory. However, Sylvester neglects to make a final inventory count at the end of the year. An employee accidentally left one of the cages open one night and 10 birds flew away, leaving only 21 birds in ending inventory Sylvester is not aware of the lost canaries Required: 1. What amount will Sylvester calculate for ending Inventory and cost of goods sold using FIFO, assuming he erroneously believes 31 canaries remain in ending inventory? Ending inventory Cost of goods sold