The following data are available for Sellco for the fiscal year ended on January 31, 2017:

Sales	820	units
Beginning inventory	270	units	@	$	4
Purchases, in chronological order	320	units	@	$	5
	400	units	@	$	6
	220	units	@	$	8

Below answers were rounded to the nearest dollar.

	Cost of Goods Sold	Ending Inventory
FIFO	4060	2780
LIFO	5160	1680
Weighted average	4635.37	2205.63

A. Assume that net income using the weighted-average cost flow assumption is $14,300. Calculate net income under FIFO and LIFO. (Round unit cost to 2 decimal places.)

	Net Income
FIFO
LIFO