For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. What do you notice about the answers you found for each method? Under both methods, the sum of the ending inventory and cost of goods sold are Peari Corp. sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Peart Corp's purchases of WhiteOut snowboards during September. During the same month, 120 WhiteOut snowboards were sold at $170 each. Pearl Corp. uses a periodic inventory 5y stem. (a) Your answer is correct. Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. What do you notice about the answers you found for each method? Under both methods, the sum of the ending inventory and cost of goods sold are Peari Corp. sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Peart Corp's purchases of WhiteOut snowboards during September. During the same month, 120 WhiteOut snowboards were sold at $170 each. Pearl Corp. uses a periodic inventory 5y stem. (a) Your answer is correct. Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods