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V King Company had the following information for the year ending December 31: Units Unit Cost Beginning inventory. 370 $45 Purchase: April 6 600 43 Sale: May 4 310 Purchase: July 19 360 40 Sale: September 9 530 Purchase: October 10 130 39 King uses the perpetual inventory system and the LIFO method. Required: Using LIFO (a) Compute the cost of ending inventory. (b) Compute the cost of goods sold for the year.