Determine the ending inventory value for Walt Disney Company using the LIFO method.

Item	Units	Cost per Unit ($)
Beginning Inventory	130	12
Purchases:
- First Purchase	250	13
- Second Purchase	350	16
Units Sold	520

Question:

Using the given data, calculate the ending inventory value for Walt Disney Company using the LIFO method. Show your calculations and explain the impact of using the LIFO method on the cost of goods sold and net income.