The inventory records of Kuffel Company reflected the following information for the year ended December 31, 2022: Date Transaction Number of Units Unit Cost Total Cost 1/1 Beginning inventory 150 $ 30 $ 4,500 1/24 Purchase 70 35 2,450 2/22 Sale (100) 0 0 3/7 Purchase 90 39 3,510 4/10 Purchase 140 36 5,040 6/11 Sale (100) 0 0 9/28 Purchase 50 39 1,950 12/4 Sale (100) 0 0 Required: Assume that Kuffel Company uses a periodic inventory system. Calculate cost of goods sold and ending inventory under FIFO and LIFO. Assume that Kuffel Company uses a perpetual inventory system. Calculate cost of goods sold and ending inventory under FIFO and LIFO. LIFO results are different for parts a and b as timing of the application of LIFO rules is relevant