The inventory records of Kuffel Co. reflected the following information for the year ended December 31, 2019:

Date	Transaction	Number of Units		Unit Cost		Total Cost
1/1	Beginning inventory	150		$	31	$	4,650
1/24	Purchase	70			34		2,380
2/22	Sale	(100	)		-		-
3/7	Purchase	90			38		3,420
4/10	Purchase	140			37		5,180
6/11	Sale	(100	)		-		-
9/28	Purchase	50			36		1,800
12/4	Sale	(100	)		-		-

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

	FIFO	LIFO
cost of goods sold
ending inventory