1.RathCo starts up in 20X8 and decides to use FIFO costing under the periodic method. During 20X9 it makes the following purchases:

Purchase date

Units purchased

Unit cost

Total cost

January 15

600

$16

$ 9,600

April 12

2,400

$17

40,800

June 7

3,000

$19

57,000

August 25

1,300

$22

28,600

September 5

1,000

$25

25,000

December 11

900

$27

24,300

Total

13,200

$185,300

RathCo's 20X8 year-end physical count shows 4,000 units that cost $60,000. Its 20X9 physical count shows 2,600 units.

1. What is RathCo's 20X9 ending inventory?
2. COGS?