The Ivanhoe Shop shows the following data related to an item of inventory: Inventory, January 1 285 units @ $ 4.00 Purchase, January 9 930 units @ $ 4.50 Purchase, January 19 245 units @ $5.00 Inventory, January 31 285 units (a ) Your answer has been saved. See score details after the due date. What value should be assigned to the ending inventory using FIFO? Value assigned to the ending inventory $ 1405 (b) What value should be assigned to cost of goods sold using LIFO? Value assigned to the cost of goods sold $ Save for Later Attempts: 0 of 1 used Submit