Esquire Inc. uses the LIFO method to value its inventory. Inventory at January 1, 2016, was $500,000 (20,000 units at $25 each). During 2016, 80,000 units were purchased, all at the same price of $30 per unit. 85,000 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 fGoods of nits Cost per Ending Inventory Ending Inventory - Periodic LIFO # of units in ending unit inventory Cost per Cost of Goods | # of units Available Cost per unit Cost of Goods Sold # of units unit sold Beginning Inventory Purchases Total O $ O $ 0 0 0