9-9 Sherpers carries a special French wine that is popular with wine enthusiasts. Below is in- and cost of formation relating to Sherper's purchases of this wine during September. During the same IFO and month, 124 bottles were sold. Sherpers uses a periodic inventory system. Date Explanation Bottles Unit Cost Total Cost Sept. 1 Inventory 26 $ 97 $ 2.522 Sept. 12 Purchases 45 102 4.590 Sept. 19 Purchases 20 104 2.080 Sept. 26 Purchases 50 105 5.250 Totals 141 $14,442 Instructions (a) Compute the ending inventory at September 30 using the FIFO and the LIFO methods. Prove the amount allocated to cost of goods sold under each method. (b) For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. What do you notice about the answers you found for each method