At year-end, the perpetual inventory records of Anson Co. indicate actual inventory on hand of a particular product in inventory, acquired at the following dates and unit costs: Purchased in August: 430 units at $7 per unit. Purchased in November: 180 units at $ 9 per unit. A complete physical inventory taken at year-end indicates only 450 units still on hand. (i) Prepare the journal to adjust the inventory record using: a. LIFO cost flow assumption b. FIFO cost flow assumption (ii) The cost of inventory in the company's year-end balance sheet at 31 December 2020 assuming: a.) FIFO method b.) LIFO method