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RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 420

RJ Corporation has provided the following information about one of its inventory items:

Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 420 $ 3,100
6/6 Purchase 805 $ 3,625
9/10 Purchase 1,205 $ 4,075
11/15 Purchase 825 $ 4,300

During the year, RJ sold 2,990 units.

What was ending inventory using the LIFO and FIFO cost flow assumption under a periodic inventory system?

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