Question 5 Chiefs Corp. had the following balances and transactions during 2020: Beginning Merchandise Inventory as of January 1 24 units at $71 March 10 Sold 8 units June 10 Purchased 72 units at $76 October 30 Sold 12 units What would the company's Ending Inventory amount be on December 31 if the perpetual inventory system and the last-in, first-out (UJFO) inventory costing Question 6 Chiefs Corp. had the following balances and transactions during 2020: Beginning Merchandise Inventory as of January 1 24 units at $71 March 10 Sold 8 units June 10 Purchased 72 units at $76 October 30 Sold 12 units What would the company's Cost of Goods Sold amount be on December 31 if the perpetual inventory system and the last-in, first-out (LIFO) inventory cost