Pearl uses LIFO inventory costing At January 1, 2020, inventory was $348.880 at both cost and market value At December 31, 2020 the inventory was $443,940 at cost and $417.480 at market value Prepare the necessary December 31 entry under (a) the cost of goods-sold method and (b) loss method. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit No. Account Titles and Explanation (a) {b)