Lucky Lulu had 3,500 units on hand at December 31st. In addition, it has the following inventory information: Beginning Inventory June 1 Purchase September 5 purchase Total Units Cost Per Unit Total Value 1,000 $1.00 $1,000 6,000 $1.20 $7,200 7,000 $1.35 $9,450 14,000 Determine the cost (value) of ending inventory (3,500 units) under LIFO and FIFO methods: LIFO ending inventory = $. FIFO ending inventory = $ Format B I U GO 80 +