The Pharoah Shop shows the following data related to an item of inventory:

Inventory, January 1		250 units		@ $6.00
Purchase, January 9		900 units		@ $6.40
Purchase, January 19		215 units		@ $7.00
Inventory, January 31		250 units

What value should be assigned to the ending inventory using LIFO?

Value assigned to the ending inventory

What value should be assigned to cost of goods sold using LIFO?

Value assigned to the cost of goods sold

Show work please