During 2012, a Company Sells 300 Units of Inventory for $85

During 2012, a company sells 300 units of inventory for $85 each. The company has the following inventory purchase transactions for 2012: $$\begin{array} { l l c c c } \text { Date } & { \text { Transaction } } & \begin{array} { c } \text { Number } \\\text { of Units }\end{array} & \begin{array} { c } \text { Unit } \\\text { Cost }\end{array} & \begin{array} { c } \text { Total } \\\text { Cost }\end{array} \\\text { Jan. 1 } & \text { Beginning inventory } & 60 & \$ 71 & \$ 4,260 \\\text { May 5 } & \text { Purchase } & 170 & 72 & 12,240 \\\text { Nov. 3 } & \text { Purchase } & 180 & 74 & 13,320 \\\hline & & 410 && \$ 29,820 \\\hline\end{array}$$ Calculate ending inventory and cost of goods sold for 2012 assuming the company uses FIFO with a periodic inventory system.