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The Blossom Shop shows the following data related to an item of inventory: Inventory, January 1 Purchase, January 9 Purchase, January 19 Inventory, January 31

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The Blossom Shop shows the following data related to an item of inventory: Inventory, January 1 Purchase, January 9 Purchase, January 19 Inventory, January 31 250 units @ $4 850 units @ $4.4 200 units @ $5 250 units What value should be assigned to the ending inventory using FIFO? Value assigned to the ending inventory $ What value should be assigned to cost of goods sold using LIFO? Value assigned to the cost of goods sold $

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