Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $884,000 (34,000 units at $26 each). During 2021, 108,000 units were purchased, all at the same price of $33 per unit. 114,000 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.

Cost of Goods Available for Sale Cost Cost of Goods # of units per Available unit 34,000 S 28 S 884,000 108,000 33 3,564,000 142,000 S 4,448,000 COGS - Periodic LIFO Cost Cost of Goods # of units sold per Sold unit $ 28 $ 33 Ending Inventory - Periodic LIFO Cost # of units in ending Ending per inventory unit Inventory $ 26 S 33 Beginning Inventory Purchases Total