Assume Oahu Kiki applies its inventory costing method perpetually at the time of each sale. The company sold 240 units between January 16 and 23.

	Date		Units		Unit Cost			Total Cost
Beginning Inventory	January	1	120		$	8		$	960
Purchase	January	15	380			9			3,420
Purchase	January	24	200			11			2,200

Calculate the cost of ending inventory and the cost of goods sold using the FIFO method.