The Pins Shop shows the following data related to an item of inventory. Inventory, December 1 155 units @ $5.00 Purchases, December 10 300 units @ $5.40 Purchases, December 25 140 units @ $6.00 Ending Inventory, January 31 amounted to 160 units. REQUIRED: a. What value should be assigned to the ending inventory and cost of goods sold using FIFO? b. What value should be assigned to the ending inventory and cost of goods sold using LIFO