Use the following information to answer questions 8 and 9:

The following number of computer towers were available for sale during the month for Felicity Computers:

	Units	Unit Cost	Total
Beginning Inventory	10	$160	$1,600
First Purchase	15	220	3,300
Second Purchase	30	280	8,400
Third Purchase	25	260	6,500
Total			$19,800

Felicity sold 40 computer towers during the month, and uses the periodic method of accounting for inventory.

8. What is the dollar amount of Cost of Goods Sold using the first-in, first-out (FIFO) method of valuing inventory?

9. What is the dollar amount of Cost of Goods Sold using the last-in, first-out (LIFO) method of valuing inventory?