I need help calculating LIFO from FIFO

27. On Nov 5, Inflatable Funland purchased 1,100 inventory items for $218 each. On Nov 30, they sold 550 items for $200 each. On Dec 1, they sold 200 units at $250 each. On Dec 5, they purchased 400 items for $250 each. On Dec 15, they purchased 600 items for $300 each. On Dec 31, they sold 628 items for $350 each. Using the FIFO and LIFO methods, compute the value of ending values for cost of goods sold and sales on Dec 31. Determine the net income or net loss for Inflatable Funland using the FIFO and LIFO inventory costing methods. NOTE: I am only looking for the ending values. Use paper or a spreadsheet to do your computations as I only want two numbers, Net Income or Loss using FIFO and the Net Income or Loss using LIFO. Your response should be in this format: FIFO = $XXXXXX, LIFO = $XXXXXX *