Assuming Christys Cookie Company uses the FIFO inventory cost allocation method, determine the ending inventory balance as of December 31st and the Cost of Goods Sold for the year. Christys Cookie Company uses the periodic system to track changes in the inventory account.

Date	Quantity Purchased	Quantity Sold	Cost per Unit	Quantity on Hand
1/1			$10	8
3/25	25		$12	33
7/14		15		18
10/22	16		$14	34
12/31		4		30

Cost of Goods Sold for the year $________________________

Ending Inventory at 12.31 $________________________