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During 2018, a company sells 270 units of inventory for $85 each. The company has...

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During 2018, a company sells 270 units of inventory for $85 each. The company has the following inventory purchase transactions for 2018 Date Jan. 1 May 5 Nov. 3 Number of Units 69 170 189 Unit Cost S 67 68 70 Transaction Total Cost Beginning inventory Purchase Purchase $ 4,623 11.560 13,230 428 29,413 Calculate ending inventory and cost of goods sold for 2018 assuming the company uses FIFO with a periodic inventory system

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