2 Save Answer 20 points The ACC 1162 Company shows the following data related to an item of inventory. SHOW ALL COMPUTATIONS FOR FULL CREDIT. Inventory, January 1 100 units @ $10 Purchases, January 9 300 units @$11 Purchases, January 19 70 units @ $13 Ending Inventory, January 31 120 units REQUIRED: a. Using the periodic system, what value should be assigned to the ending inventory AND cost of goods sold using FIFO? b. Using the periodic system, what value should be assigned to the ending inventory AND cost of goods sold using LIFO