The periodic inventory records of Halton Prosthetics indicate the following for the month of July (Click the icon to view the inventory records.) At July 31, Halton counts four units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Halton using the FIFO inventory costing method. Ending Merchandise Inventory Cost of Goods Sold FIFO Cost Data Table - X Jul. 1 Jul. 8 Beginning merchandise inventory 8 units @$25 each Purchase 15 units @$20 each Jul. 15 Purchase 15 units @$32 each Jul. 26 Purchase 12 units $35 each Print Done