On December $1,2022,$ Sheridan Company had the account balances shown below.

$*(3,500\backslash$times $$0\mathrm{.}60)$

The following transactions occurred during December:

Dec. $3$ Purchased $3,800$ units of inventory on account at a cost of $$0\mathrm{.}70$ per unit.

$5$ Sold $4,200$ units of inventory on account for $$0\mathrm{.}86$ per unit. $($Sheridan sold $3,500$ of the $$0\mathrm{.}60$ units and $700$ of the $$0\mathrm{.}70.)$

$7$ Granted the December $5$ customer $$207$ credit for $200$ units of inventory returned costing $$138.$ These units were returned to inventory.

$17$ Purchased $2,000$ units of inventory for cash at $$0\mathrm{.}76$ each.

$22$ Sold $2,600$ units of inventory on account for $$0\mathrm{.}91$ per unit. $($Sheridan sold $2,600$ of the $$0\mathrm{.}70$ units.$)$

Adjustment data:

Recognized accrued salaries payable $$500.$

Recognized depreciation $$240$ per month.

Compute ending inventory and cost of goods sold under FIFO, assuming Sheridan Company uses the periodic inventory system.

Ending Inventory $

Cost of Goods Sold $

Costof Goods Sold

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Compute ending inventory and cost of goods sold under LIFO, assuming Sheridan Company uses the periodic inventory system.

Ending Inventory $

Cost of Goods Sold $