On December 1, 2022, Matthias Company had the following account balances.

		Debit					Credit
Cash		$5,200			Accumulated DepreciationEquipment		$1,300
Accounts Receivable		3,900			Accounts Payable		3,100
Inventory		1,680	*		Common Stock		21,400
Equipment		22,000			Retained Earnings		6,980
		$32,780					$32,780

*(2,800 x $0.60) The following transactions occurred during December.

Dec. 3		Purchased 4,000 units of inventory on account at a cost of $0.78 per unit.
5		Sold 4,100 units of inventory on account for $0.90 per unit. (Matthias sold 2,800 of the $0.60 units and 1,300 of the $0.78.)
7		Granted the December 5 customer $90 credit for 100 units of inventory returned costing $72. These units were returned to inventory.
17		Purchased 2,000 units of inventory for cash at $0.80 each.
22		Sold 2,000 units of inventory on account for $0.95 per unit. (Matthias sold 2,000 of the $0.78 units.)

Adjustment data:

1.

Accrued salaries payable $390.

2.

Depreciation $210 per month.

Compute ending inventory and cost of goods sold under FIFO, assuming Matthias Company uses the periodic inventory system.

Ending Inventory		$enter the ending inentory amount in dollars
Cost of Goods Sold		$enter the cost of goods sold amount in dollars

Compute ending inventory and cost of goods sold under LIFO, assuming Matthias Company uses the periodic inventory system.

Ending Inventory		$enter the ending inentory amount in dollars
Cost of Goods Sold		$enter the cost of goods sold amount in dollars