The Following Is the Inventory for the Year for Cyber

Short Answer

The following is the inventory for the year for Cyber Energy: $$\begin{array} { l l l l } \text { Date } & \text { Units } & \text { Cost per unit } & \text { Total Cost } \\\hline \text { Beginning inventory, Jan. 1 } & 1,000 & \$ 4.00 & \$ 4,000 \\\text { Purchase, May } 6 & 1,250 & \$ 4.20 & \$ 5,250 \\\text { Purchase, July 18 } & 2,000 & \$ 4.75 & \$ 9,500 \\\text { Purchase, December 10 } & 750 & \$ 6.00 & \$ 4,500 \\\hline \text { Total Units Available } & 5,000 & & \$ 23,250\end{array}$$ Calculate the ending inventory of 1,500 units using both FIFO and LIFO methods.
A)Which method values the ending inventory higher, and
B)How much higher?