Crane Lighting had a beginning inventory of 22 units at a cost of $ 7 per unit on August 1. During the month, the following purchases and sales were made. Purchases Sales August 5 27 units at $8 August 2 17 units August 11 37 units at $9 August 10 22 units August 23 32 units at $10 August 19 52 units August 21 22 units Crane uses a periodic inventory system. Determine ending inventory and cost of goods sold under: 1. FIFO and 2. LIFO