32.

Shellhammer Company's inventory records show the following data for the month of September:

	Units	Unit Cost
Inventory, September 1	100	$3.34
Purchases:	September 8	450	3.50
	September 18	350	3.70

A physical inventory on September 30 shows 200 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodic inventory system.