5. Crossover Bass Co., which began business in 20X7 and uses LIFO costing under the periodic method, made the following inventory purchases:

Purchase date	Units	Unit cost	Total Cost
20X7
February 5	2,200	$20	$44,000
April 12	1,900	$21	39,900
August 3	3,000	$22	66,000
20X8
January 21	1,000	$24	$24,000
March 6	1,300	$24	31,200
July 22	1,300	$26	33,800
December 12	1,800	$25	45,000

Sales for Crossover Bass Co. were as follows: in 20X7, 4,400 units; and in 20X8, 7,600 units. Calculate ending inventory and cost of goods sold for:

1. 20X7.
2. 20X8.