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The following information is available for a company that uses a specific identification inventory system:

• October 1: Beginning inventory consisted of 200 units at a cost of $7.00 each.
• October 7: 500 units were purchased at a cost of $8.00 each.
• October 18: 250 units were sold from the October 7 purchase.
• October 22: 600 units were purchased at a cost of $8.50 each.
• October 24: 300 units were purchased at a cost of $9.00 each.
• October 26: 350 units were sold from the October 22 purchase.

What are the cost of goods sold (COGS) and the value of ending inventory for October?