Ayayai Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 146 tents. This consists of 48 tents at a cost of $207 each and 98 tents at a cost of $229 each. During April, the company had the following purchases and sales of tents:

			Purchases			Sales
Date			Units		Unit Cost		Units		Unit Price
Apr.	3						74		$395
	10		204		$280
	17						253		395
	24		291		295
	30						190		395

Determine the cost of goods sold and the cost of the ending inventory using FIFO.

Date	Purchase	Cost of Goods Sold	Inventory Balance
Apr 3
Apr 10
Apr 17
Apr 24
Apr 30

Ending Inventory: _____________________________________

Cost of Goods Sold: _____________________________________