The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Pai, Inc. for an operating period. Units Unit Cost Total Costs $630 $220 $300 $750 Beginning balance, Jan 1 Purchase, Jan 10 Purchase, Jan 19 Sold, Jan 22 Purchase, Jan 30 35 10 15 20 30 $18 $22 $20 $25 1) Assuming Pai, Inc. uses FIFO periodic inventory procedures, calculate the cost of goods sold for the month of January and the ending inventory balance on January 31. (3 points) 2) Assuming Pai, Inc. uses LIFO periodic inventory procedures, calculate the cost of goods sold for the month of January and the ending inventory balance on January 31. (3 points)

1) Assuming Pai, Ine. uses FIFO periodic inventory procedures, calculate the cost of goods sold for the month of January and the ending inventor balance on January 31 . (3 points) 2) Assuming Pal, inc uses LIFO periodic inventory procedures, calculate the cost of goods sold for the month of January and the ending inventor balance on January 31. (3 points)