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The data summarize the inventory-related activities of Pronghorn Inc. for the month of March. Note that the company experienced increasing unit costs for its purchases

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The data summarize the inventory-related activities of Pronghorn Inc. for the month of March. Note that the company experienced increasing unit costs for its purchases throughout the month. The cost of goods available for sale is calculated and shown below. Assume that Pronghorn Inc. uses a periodic inventory system, where the inventory cost is calculated only at the end of the month. How are ending inventory and cost of goods sold calculated using the FIFO cost formula? Ending inventory Cost of goods sold $

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