Oriole Football Shop began operations on January 2, 2017. The following stock record card for footballs was taken from the records at the end of the year.

Date		Voucher		Terms		Units Received				Unit Invoice Cost		Gross Invoice Amount
1/15		10624		Net 30			55			$24			$1,320
3/15		11437		1/5, net 30			70			19			1,330
6/20		21332		1/10, net 30			95			18			1,710
9/12		27644		1/10, net 30			89			14			1,246
11/24		31269		1/10, net 30			81			13			1,053
		Totals					390						$6,659

A physical inventory on December 31, 2017, reveals that 112 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Oriole Football Shop uses the invoice price less discount for recording purchases.

Compute the December 31, 2017, inventory using the FIFO method.

Compute the 2017 cost of goods sold using the LIFO method.