Assume that Blossom Company has the following transactions in its first month of operations. Date Feb. 1 Feb. 10 Feb. 21 Feb. 28 Purchases 2,900 @ $4.00 6,000 @ $4.40 2,600 @ $4.75 Sold 3,300 units Balance 2,900 units 8,900 units 5,600 units 8,200 units

Assume that Blossom Company has the following transactions in its first month of operations. Your answer is incorrect. Compute cost of goods sold and ending inventory at February 28, assuming Blossom uses a perpetual inventory system and the FIFO cost flow assumption. (Round answers to 0 decimal places, e.g. 1,245.)