The inventory records of Kuffel Co. reflected the following information for the year ended December 31, 2013:

Date	Transaction	Number of Units		Unit Cost		Total Cost
1/1	Beginning inventory	150		$	25	$	3,750
2/22	Purchase	70			32		2,240
3/7	Sale	(100	)		-		-
4/15	Purchase	90			37		3,330
6/11	Purchase	140			39		5,460
9/28	Sale	(100	)		-		-
10/13	Purchase	50			36		1,800

Required:

(a)

Assume that Kuffel Co. uses a periodic inventory system. Calculate cost of goods sold and ending inventory under FIFO and LIFO FIFO LIFO COGS Ending Inventory b) Assume that Kuffel Co. uses a perpetual inventory system. Calculate cost of goods sold and ending inventory under FIFO and LIFO. FIFO LIFO COGS Ending Inventory