31) During 2021, a company sells 30 units of inventory. The company has the following inventory purchase transactions for 2021: Number of Date Transaction Units Unit Cost Total Cost Jan. 1 Beginning inventory 25 $50 $1,250 Sep. 8 Purchase 20 55 1,100 45 $2,350 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses both FIFO and LIFO. (8 Points)