Assume that Marin Company has the following transactions in its first month of operations.

Date		Purchases		Sold		Balance
Feb. 1		2,000 @ $4.20				2,000 units
Feb. 10		6,400 @ $4.55				8,400 units
Feb. 21				4,000 units		4,400 units
Feb. 28		1,900 @ $4.90				6,300 units

Marin uses a perpetual inventory system.

(a)

Compute cost of goods sold and ending inventory at February 28, assuming Marin uses the FIFO cost flow assumption.

Cost of goods sold		$
Ending inventory		$