David has the following transactions for his business inventory of widgets:

Widgets Purchase Date Direct Cost Other Costs Total

#1 August 15 $2,100 $100 $2,200

#2 October 30 $2,200 $150 $2,350

#3 November 10 $2,900 $100 $3,000

In late December, David sold widget #2. What cost of goods sold would David record fi he elects to use the LIFO method this year?

What ending inventory would David record if he elects to use the FIFO method of this year?