bakery, Sweet Delights, produces various types of pastries. During a fiscal year, the bakery faced intricate

inventory movements due to changing customer demands and seasonal variations. Here are the details

for one of their pastry products, the Signature Cupcake, over the year:

Beginning Inventory (January 1):

300 cupcakes baked in-house at a cost of $2.50 each

150 cupcakes purchased from a local supplier at $2.75 each

Production and Purchase Activities:

January: Produced 200 cupcakes

February: Purchased 100 cupcakes from the local supplier at $2.80 each

March: Produced 250 cupcakes

April: Produced 180 cupcakes

May: Purchased 120 cupcakes from the local supplier at $2.90 each

Sales Activities

Throughout the year, 800 cupcakes were sold.

Using the FIFO method, calculate the cost of ending inventory and the cost of goods sold for the Signature

Cupcake. Include all production, purchase, and sales activities to determine the flow of inventory costs.

Show the specific units used for sales and ending inventory, along with the corresponding costs for each