The Blossom Shop shows the following data related to an item of inventory:

Inventory $,$ January $1,340$ units @$$6\mathrm{.}00$

Purchase, January $9,880$ units @$ $6\mathrm{.}50$

Purchase $,$ January $19,250$ units @$$7\mathrm{.}00$

Inventory, January $31,340$ units

$($ a$)$ What value should be assigned to the ending inventory using FIFO? Value assigned to the ending inventory $

$($b$)$ What value should be assigned to the ending inventory using LIFO? Value assigned to the ending inventory $