Pharoah Lighting had a beginning inventory of 35 units at a cost of $7 per unit on August 1. During the month, the following purchases and sales were made. Purchases Sales August 5 39 units at $8 August 2 29 units August 11 50 units at $9 August 10 34 units August 23 45 units at $10 August 19 65 units August 21 34 units Pharoah uses a periodic inventory system. Determine ending inventory and cost of goods sold under: 1. FIFO and 2. LIFO. FIFO 1 Ending inventory $ 2 Cost of goods sold $ LIFO