E.1 data: Red Scooter Shop sells electric scooters. Inventory records for the shop revealed the following September 1, 2020, inventory: 100 scooters @ $72.00 Purchases: Sales: Sept. 10 40 scooters @ $ 72.50 Sept. 5 40 scooters Sept. 23 60 scooters @ $ 73,50 Sept. 20 50 scooters Sept. 26 70 scooters a. Assuming LIFO in a perpetual inventory system, calculate the value of COGS for the month ending on September 30, 2020: I b. If Red Scooter had used LIFO in a periodic inventory system, ending inventory would have been: (circle one answer) Higher under the Lower under the Same under the periodic system periodic system periodic system