The units of an item available for sale during the year were as follows: January 1 180 units at $106 March 20 Inventory Purchase 1 224 units at $108 July 30 Purchase 2 200 units at $110 December 11 Purchase 3 196 units at $112 There are 208 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by Last-in, first-out (LIFO) method. Ending Inventory = $20,502, Cost of Goods Sold = $65,888 Ending Inventory - $22,104, Cost of Goods Sold = $65,120 Ending Inventory = $22,104, Cost of Goods Sold = $65,888 Ending Inventory = $20,502, Cost of Goods Sold = $67,200