A company provides you with the following information about their inventory purchases and sales (The company is currently using a periodic inventory system):

Date Units Unit Cost Total

January 1, 2017 Beginning Inventory 6 $14.00 $84.00

January 10, 2017 Purchase #1 20 $14.25 $285.00

January 20, 2017 Purchase #2 10 $14.50 $145.00

January 15, 2017 Sale #1 12 $32.00 $384.00

January 25, 2017 Sale #2 15 $32.50 $487.50

A. Using the FIFO method, calculate the companys cost of goods sold for January 2017 and the companys ending inventory as of Jan. 31, 2017.

B. Using the Weighted-average method, calculate the companys cost of goods sold for January 2017 and the companys ending inventory as of Jan. 31, 2017.