Inventory information for Caplan Inc. discloses the following for the month of May.

May 1	Beg Balance	300 units@$10		May 10	sold	200 units@$34
May 12	purchased	800 units@$12		May 15	sold	500 units@$35
May 19	purchased	500 units@$13		May 25	sold	100 units@$37

(1). Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under FIFO

(2). Assuming that the perpetual inventory method is used, and costs are computed at the time of each withdrawal, What's the value of ending inventory at LIFO?