Determine the amount of ending inventory at the end of 2024 under FIFO (first-in first-out) cost basis. Multiple Choice $95,000 $75,000 $110,000 $105,000 The following is the inventory records of LULU in 2023-2024. LULU uses the perpetual inventory system to keep track of inventorv. Determine the cost of goods sold LULU recognizes in 2023 under LIFO (last-in first-out) cost basis. Multiple Choice $340,000 $370,000 $355,000 $398,000