A company had the following purchases and sales during its first year of operations: Beginning Inventory Purchases Sales 80 units at $30 March: 135 units at $32 105 units April: 115 units at $34 100 units August 110 units at $40 140 units December: 90 units at $38 155 units On December 31, there were 30 units remaining in ending inventory. (Assume all sales were made on the last day of the month.) 1. Using the perpetual FIFO inventory costing method, what is the value of cost of goods sold? 2. Using the perpetual FIFO inventory costing method, what is the value of ending inventory? You must show your work to receive credit, but you do not have to create tables or an inventory record. Showing the math calculations is sufficient.