LMN company with a fiscal year ending on December $31,2019$ made the following purchases of inventory during $2019$:

Purchase Dates

Units

Unit Cost

April $20,2019$

$10,000$

$$1\mathrm{.}5$

December $7,2019$

$10,000$

$$2\mathrm{.}0$

The inventory balance at January $1,2019$ was $15,000$ units, at $$1\mathrm{.}0$ each. An inventory count on December $31,2019,$ revealed $5,000$ units on hand. Suppose the company uses a FIFO cost flow assumption. What was the company$$s $2019$ cost of goods sold?

USE THE SAME INFORMATION AND FIND COGS WITH LIFO AS WELL