The Pins Shop shows the following data related to an item of inventory. Inventory, December 1 145 units @ $5.00 400 units @ $5.40 Purchases, December 10 Purchases, December 25 140 units @ $6.00 Ending Inventory in warehouse, January 31 amounted to 175 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