The following information is available for Clancy Company Beginning inventory 600 units at $4 First purchase 900 units at $6 Second purchase 500 units at $7.20 Assume that Clancy uses a periodic inventory system and that there are 760 units left at the end of the month. Compute the cost of ending inventory and the cost of goods sold using the average-cost method. Cost of ending inventory S Cost of goods sold $ 5290