Cullumber Lighting had a beginning inventory of 34 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 39 units at $8 August 2 29 units August 11 49 units at $9 August 10 34 units August 23 44 units at $10 August 19 64 units August 21 34 units Cullumber uses a periodic inventory system. Cullumber uses a periodic inventory system. Determine ending inventory and cost of goods sold under: 1. FIFO and 2. LIFO. FIFO 1. Ending inventory $ 2. Cost of goods sold +A $ A $ LIFO