Causwell Company began 2016 with 28,000 units of inventory on hand. The cost of each unit was $ 4.00. During 2016 an additional 48,000 units were purchased at a single unit cost, and 38,000 units remained on hand at the end of the 2016 (38,000 units therefore were sold during 2016). Causwell uses a periodic inventory system. Cost of goods sold for 2016, applying the average cost method, is $174, 800. The company is interested in determining what cost of goods sold would have been if the FIFO or LIFO methods were used. 1. Determine the costs of goods sold for 2016 using the FIFO method. 2. Determine the costs of goods sold for 2016 using the LIFO method. (Do not round intermediate calculations.)