11 8. Problem 5-33 (Algo) Cost flow assumptions-FIFO and LIFO using periodic and perpetual systems LO 7, The inventory records of Kuffel Co. reflected the following information for the year ended December 31, 2019: 1.5 points Date 1/1 Skipped Transaction Beginning inventory Number of Units Unit Total Cost 1/24 Purchase 150 70 $29 Cost $4,350 32 2,240 2/22 Sale (100) 3/7 Purchase 90 35 3,150 ellook 4/10 Purchase 140 36 5,040 6/11 Sale (100) References 9/28 12/4 Purchase Sale 50 (100) 36 1,800 Required: a. Assume that Kuffel Co. uses a periodic inventory system. Calculate cost of goods sold and ending inventory under FIFO and LIFO Cost of goods sold Ending inventory FIFO LIFO