During 2021, a company sells 350 units of inventory for $89 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 61 168 185 414 $61 Unit Cost Total Cost $ 3,721 62 10,416 64 11,840 $25,977 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold