The periodic Inventory records of Saston Prosthetics indicate the following for the month of December Click the icon to view the inventory records.) AL December 31. Saxton counts seven units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Saxton using the FIFO inventory costing method. FIFO Cost Ending Merchandise Inventory Cost of Goods Sold Data Table Dec. 1 Beginning merchandise inventory Dec. 8 Purchase Dec. 15 Purchase Dec. 26 Purchase 10 units $40 each 12 units @ $45 each 15 units @ $45 each 10 units 550 each Print Done