Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $600,000 (24,000 units at $25 each). During 2021, 88,000 units were purchased, all at the same price of $30 per unit. 89,000 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 Beginning Inventory Purchases Total COGS - Periodic LIFO Cost # of units per unit Cost of Goods Available # of units sold Cost per 24,000 $25 $ 600,000 unit 1,000 $25 $ Cost of Goods Sold Ending Inventory - Periodic LIFO # of units in ending inventory Cost per unit Ending Inventory 25,000 $25 $ 88,000 112,000 30 2,640,000 88,000 $30 2,640,000 $ 30 0 $ 3,240,000 89,000 $ 2,665,000 0 $ 0