During 2012,a Company Sells 200 Units of Inventory for $50

During 2012,a company sells 200 units of inventory for $50 each.The company has the following inventory purchase transactions for 2012: $$\begin{array} { l l c r r } \text { Date } & { \begin{array} { c } \text { Transaction }\end{array} } & \begin{array} { c } \text { Number } \\\text { of Units }\end{array} & \begin{array} { r } \text { Unit } \\\text { Cost }\end{array} & \begin{array} { c } \text { Total } \\\text { Cost }\end{array} \\\text { Jan. 1 } & \text { Beginning inventory } & 50 & \$ 39 & \$ 1,950 \\\text { May 5 } & \text { Purchase } & 100 & 38 & 3,800 \\\text { Nov. 3 } & \text { Purchase } & 80 & 37 & 2,960 \\\hline& & 230 & & \$ 8,710 \\\hline\end{array}$$
Actual sales by the company include its entire beginning inventory,80 units of inventory from the May 5 purchase,and 70 units from the November 3 purchase.Calculate cost of goods sold and ending inventory for 2012 assuming the company uses specific identification.