Beginning inventory, purchases, and sales for Item B901 are as follows:

August 1		Inventory	79 units @ $23
9		Sale	59 units
13		Purchase	59 units @ $25
28		Sale	25 units

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on August 28 and (b) the inventory on August 31.

a. Cost of merchandise sold on August 28	$fill in the blank 1
b. Inventory on August 31	$fill in the blank 2