10. At the beginning of the current period, Viraat Industries, which uses a periodic inventory system, has 150 units of a product with a unit cost of $480. The inventory records report the following transactions: Units 150 150 Beginning Inventory Purchase 81 Purchase #2 Purchase 3 Unit Cost $480 $528 $570 9630 400 70 Cost $72.000 79.200 39.900 18.900 $210.000 During the current period, Viraat sells 340 units 1) Assume Viraat uses the FIFO method. Compute the cost of goods sold for the current period and the ending inventory balance for this product 2) Assume Viraat uses the LIFO method. Compute the cost of goods sold for the current period and the ending inventory balance for this product