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

Inventory, January 1		260 units		@ $6
Purchase, January 9		890 units		@ $6.5
Purchase, January 19		220 units		@ $7
Inventory, January 31		260 units

What value should be assigned to the ending inventory using FIFO?

Value assigned to the ending inventory

$

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What value should be assigned to cost of goods sold using LIFO?

Value assigned to the cost of goods sold

$

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