Units Unit Cost 3,100 17.20 16.20 4,800 1,900 16.60 2,200 17.40 Transaction Beginning inventory 1/1 Purchases, January 23 Purchases, February 14 Purchases, March 17 Units Sold - April 13 at $27 Purchases, May 5 Purchases, July 4 Units Sold - October 31 at $24 Purchases, November 22 9,900 5,000 15.10 16.90 3,300 8,100 1,200 15.50 Assume that a company uses a perpetual inventory. Additional information follows: (Click the icon to view the information.) Requirement 1. Assuming FIFO inventory costing, determine the cost of ending inventory: Requirement 2. Assuming LIFO inventory costing, determine cost of goods sold for the year