The inventory records of Kuffel Co. reflected the following information for the year ended December 31, 2010: Date - Transaction -Number of Units - UnitCost - TotalCost 1/1 -Beginning inventory-150-$32-$4,800 2/22-Purchase-70-$33-$2,310 3/7-Sale-(100)-- 4/15-Purchase-90-38-$3,420 6/11-Purchase-140-36-$5,040 9/28-Sale-(100)-- 10/13-Purchase-50-39-$1,950 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 Ending Inventory 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 Ending Inventory