Town & Country Gift Ideas began 2016 with 60,000 units of inventory that cost $36,000. During 2016, Town & Country purchased merchandise on account for $352,500 as follows: Purchase 1 (100,000 units costing) $ 65,000 Purchase 2 (270,000 units costing) $175,500 Purchase 3 (160,000 units costing) $112,000

Required: Determine the LIFO cost of Town & Countrys ending inventory and the COGS at December 31, 2016, if the units left are 100.000 units.