Inventory data for Mushroom Corporation for the year ended December $31,2023,$ are as follows:

Beginning inventory $50$ units at $$150$ each

March $31$ purchase $50$ units at $$155$ each

$1$st quarter sales $60$ units

June $30$ purchase $55$ units at $$160$ each

$2$nd quarter sales $70$ units

September $30$ purchase $60$ units at $$170$ each

 

 

Compute the perpetual ending inventory balance on December $31,2023,$ using:

$1.$ FIFO

$2.$ Weighted$-$average