Shown below is the activity for one of the products of Jubilee Inc.: January 1 balance January 7 sale January 10 purchase January 22 purchase January 24 sale January 26 purchase January 31 sale 130 units @ $13 80 units 65 units @ $15 90 units @ $17 120 units 75 units @ $19 95 units Required: Compute the ending inventory and cost of goods sold assuming Jubilee Inc. uses: a. The LIFO method and a perpetual inventory system. Round all calculations to the nearest whole dollar. b. The Average method and a perpetual inventory system. Round all unit price calculations to the nearest cent and all final amounts to the nearest whole dollar