The following lots of a particular commodity were available for sale during the year: December 1 Beginning inventory 50 units at $61 December 4 Sold 25 units December 10 purchased 150 units at $63 December 15 Sold 100 units December 20 purchased 100 units at $74 December 22 sold 85 units December 29 purchased 90 units at $77 Each unit sold for $85 Prepare the charts for: 1. The company using the FIFO and What is the total Cost of Goods sold, Ending Inventory and Net profit 2. The company using the LIFO system What is the total Cost of Goods sold, Ending Inventory and Net profit