Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $500.000 (20,000 units at $25 each). During 2021, 80,000 units were purchased, all at the same price of $30 per unit. 85,000 units were sold during 2021. Calculate the December 31, 2021, ending inventory and cost of goods sold for 2021 based on a periodic inventory system. COGS - Periodic LIFO Cost of Goods Available for Sale Cost Cost of Goods # of units per Available unit Ending Inventory - Periodic LIFO Cost # of units in ending Ending per inventory Inventory unit Cost per unit # of units sold Cost of Goods Sold 20.000 Beginning Inventory $ 25 S 500 000 S 25 $ 25 30 $ 30 Purchases $ 30 80 000 100 000 2.400,000 2,900,000 S Total