Insert DrawPage Layout Formulas Data Review View v A A General Times New Roman v 14 BIELA x 32,235 2 Wrap Text Merge & Center EE 3 Conditional Format Formatting as Table Cell Styles 3 x Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: Units 2,000 Unit Cost 55 Inventory, December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 6.130 4.040 2.960 Required: Compute ending inventory and cost of goods sold under LIFO. (Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.)