Esquire Inc. uses the LIFO method to value its inventory. Inventory at January 1, 2016, was $960,000 (40,000 units at $24 each). During 2016, 120,000 units were purchased, all at the same price of $29 per unit. 122,000 units were sold during 2016. Esquire uses a periodic inventory system.

Complete the below table to calculate the December 31, 2016, ending inventory and cost of goods sold.

Cost of Goods Available for Sale COGS - Periodic LIFO Ending Inventory - Periodic LIFO # of units in ending inventory Cost per Cost per unit Cost of Goods Available # of units sold Cost per unit Cost of Goods Sold Ending Inventory # of units unit 40,000 $ 24 $ 120,000 160,000 960,000 3,480,000 4,440,000 24 $ 24 $ Beginning Inventory Purchases Total 29 29 29