Katelyn is the purchasing manager for Polo Industries

Katelyn is the Purchasing Manager for Polo Industries, Inc. She asked you to help her determine what the Ending Balance for Inventory and the Cost of Goods Sold total would be using the three (3) valuation methods: (a) LIFO (last in first out), (b) FIFO (first in first out) and Weighted Average. The Purchase infomration is below: Katelyn told you that 600 items were sold and 106 items remained in inventory. (a) Calculate the valuations using LIFO ( 2 answers required). Round to the nearest 2 decimal places