Calculate the LIFO cost of goods sold and ending inventory for 2018 and 2019 assuming use of (a) the periodic method and (b) the perpetual method.

Calculating LIFO Inventory Values. The Brattle Corporation began operations in 2018. Information relat- ing to the company's purchases of inventory and sales of products for 2018 and 2019 is presented below. E6.14 TA 2 Daimo 2018 February 1 May 1 August 1 October 1 Purchase Sold Purchase Sold 220 units @ $12 per unit 120 units @ $25 per unit 100 units @ $15 per unit 130 units @ $25 per unit 2019 February 1 May 1 Purchase 70 units @ $16 per unit August 1 Sold 80 units @ $30 per unit October 1 Purchase 100 units @ $18 per unit Sold 90 units @ $35 per unit Calculate the LIFO cost of goods sold and ending inventory for 2018 and 2019 assuming use of (a) the peri- odic method and (b) the perpetual method