Short Answer 2 (5 points) A company reported the current month purchase and sales data for its only product and uses the perpetual inventory system. Determine the cost assigned to ending inventory and cost of goods sold using LIFO. Units Sold at Retail 160 units @ $30.00 Date Activities Units Acquired at Cost April 1 Beginning Inventory 175 units @ $15.00 Purchase 150 units @ $16.00 Sales Purchase 200 units @ $17.00 Sales Purchase 160 units @ $18.00 28 Sales 16 250 units @ $30.00 25 150 units @ $32.00