I need step by step solutions to the folllowing problems.chapter 5 Problem 8

The Inventory records of Kuffel Co. reflected the following information for the year ended December 31, 2019: Number Unit Total Date Transaction of Units Cost Cost 1/1 Beginning inventory 150 $ 26 $ 3,900 1/24 Purchase 70 34 2,380 2/22 Sale (103) 3/7 Purchase 90 39 3,510 4/10 Purchase 140 37 5,180 6/11 Sale (109) 9/28 Purchase 36 1, Bee 12/4 Sale (109) Required: s. Assume that Kuffel Co. uses a periodic inventory system Calculate cost of goods sold and ending inventory under FIFO and LIFO FIFO LIFO Cost of goods sold S 9,400 Ending Inventory S 7.370 b. Assume that Kuffel Co. uses a perpetual inventory system, Calculate cost of goods sold and ending inventory under FIFO and LIFO FIFO LIFO Cast of goods sold Ending Inventory