Ayayai Inc. uses a perpetual inventory system. Its records show the following for the month of May.

Date				Explanation		Units			Unit Cost		Total Cost
May		1		Inventory		28			$7		$196
May		15		Purchase		27			8		216
May		18		Sale		(42	)
May		24		Purchase		38			9		342
				Total		93					$754

Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula.

Cost of goods sold		$
Ending Inventory		$