XYZ Incorporated purchased the following merchandise items for resale:

Nov 1: 10 units @ $105 each

Nov 5: 15 units @ $110 each

Nov 15: 10 units @ $100 each

Nov 27: 10 units @ $120 each

If XYZ sells 25 items and utilizes the LIFO method of inventory valuation/costing. What amount would appear on the ending inventory balance at the end of the period?

If XYZ sells 30 items and utilizes the FIFO method of inventory valuation/costing. What amount would appear on the ending Cost of Goods Sold at the end of the period?