The inventory records of Kuffel Co. reflected the following information for the year ended December 31, 2010: Date-Transaction-Units-Units cost-Total cost 1/1-Beginning Inventory-150-$32-$4800 2/22-Purchase-70-$33-$2310 3/7-Sale-(100)--- 4/15-Purchase-90-$38-$3420 6/11-Purchase-140-$36-$5040 7/28-Sale-(100)-- 10/13-Purchase-50-$39-$1950 12/4-Sale-(100)-- (a) Assume that Kuffel Co. uses a periodic inventory system. Calculate cost of goods sold and ending inventory under FIFO and LIFO. Cost of goods sold FIFO & LIFO Ending Inventory FIFO & LIFO (b) Assume that Kuffel Co. uses a perpetual inventory system. Calculate cost of goods sold and ending inventory under FIFO and LIFO. Cost of goods sold FIFO & LIFO Ending Inventory FIFO & LIFO