On December $1,2025,$ Ivanhoe Company had the account balances shown below.

Inventory $=(2,800$$$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{.}72$ per unit.

$5$ Sold $4,200$ units of inventory on account for $$0\mathrm{.}90$ per unit. $($Ivanhoe sold $2,800$ of the $$0\mathrm{.}60$ units and $1,400$ of the $$0\mathrm{.}72$

units.$)$

$7$ Granted the December $5$ customer $$270$ credit for $300$ units of inventory returned costing $$216.$ These units were

returned to inventory.

$17$ Purchased $2,500$ units of inventory for cash at $$0\mathrm{.}80$ each.

$22$ Sold $2,400$ units of inventory on account for $$0\mathrm{.}91$ per unit. $($Ivanhoe sold $2,400$ of the $$0\mathrm{.}72$ units.$)$

Adjustment data:

Accrued salaries and wages payable $$390.$

Depreciation on equipment $$200$ per month.

Income tax expense was $$200,$ to be paid next year.

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

Ending inventory $

Cost of goods sold $

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

Ending inventory

$

Cost of goods sold $