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3 Required information The following information applies to the questions displayed below. Part 1 of 3 For the current year, Parker Games has the following inventory transactions related to its traditional board games. Parker Games uses a periodic inventory system. Date Jan. 1 Mar. 12 Sep. 17 Transaction Beginning inventory Purchase Purchase points Units Unit Cost 108 $21 16 54 9 246 164 Total Cost $2,268 1,344 486 $4,898 eBook Jan. 1-Dec. 31 Sales Because of the increasing popularity of electronic video games, Parker Games continues to see a decline in the demand for board games. Sales prices have decreased by over 50% during the year. At the end of the year, Parker estimates the net realizable value of the 82 units of unsold inventory to be $440. Required: 1. Using FIFO, calculate ending inventory and cost of goods sold. Ending inventory Cost of goods sold