Take me to the text GB a bookseller, had the following transactions during the month of August 2019 and uses the periodic inventory system. The following was prepared from the inventory records for separately priced products as of August 31, 2019 Do not enter dollar signs or commas in the input boxes Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost Knick-knacks 0 50 50 Books 10 530 5 $30 $30 Novels 10 $45 3 $45 $45 Pencil Cases 15 55 0 55 $5 Required The company uses the specific identification cost method. Calculate the cost of goods sold, and the value of ending inventory on August 31 Ending Inventory = 5 Cost of Goods Soldes