Ayayai-Mart Centre Inc. opened for business on May 1, and uses a perpetual inventory system. During May, the company had the following purchases and sales for one of its products:

			Purchases				Sales
Date			Units		Unit Cost		Units		Unit Price
May	1		120		$100
	3						80		$250
	8		100		110
	13						80		276
	15		60		115
	20						60		302
	27						40		325

Determine the cost of goods sold and cost of ending inventory using (1) FIFO and (2) average cost. (Round Average answers to 2 decimal places, e.g. 5.75.)

		FIFO		Average
Cost of Goods Sold		$		$
Ending Inventory		$		$