The following units and costs of webcams were available for sale during the year for Westmark Electronics Store:

Beginning inventory ..	10 units at $130
First purchase	15 units at $135
Second purchase ..	30 units at $140
Third purchase	20 units at $145

1) Assume Westmark has 30 units on hand at the end of the year. What is the dollar amount of inventory at the end of the year (ending inventory) according to the last-in, first-out (LIFO) method?

2) Assume Westmark has 35 units on hand at the end of the year. What is the dollar amount of cost of goods sold (COGS) for the year according to the first-in, first-out (FIFO) method?