The following information is taken from the accounting records of Golden Ltd for the year ended 31 December 2022. Golden Ltd uses a perpetual inventory system.

Units Purchase price per unit Selling price per unit January 1 Opening inventory 2 000 $56 March 10 Purchases 2 200 $55 June 25 Sales 1 800 $60 August 30 Purchases 1 800 $52 October 5 Sales 2 500 $65 November 26 Purchases 3 000 $50 December 31 Sales 2 000 $63 Determine the cost of ending inventory as at 31 December 2022 and the cost of goods sold and gross profit for the year ended 31 December 2022 assuming:

1 FIFO 2 LIFO.