Blossom Lighting had a beginning inventory of 21 units at a cost of $7 per unit on August 1. During the month, the following purchases and sales were made.

Purchases				Sales
August 5		26 units at $8		August 2		16 units
August 11		36 units at $9		August 10		21 units
August 23		31 units at $10		August 19		51 units
				August 21		21 units

Blossom uses a periodic inventory system. Determine ending inventory and cost of goods sold under: 1. FIFO and 2. LIFO.

				FIFO		LIFO
1.		Ending inventory		$enter a dollar amount		$enter a dollar amount
2.		Cost of goods sold		$enter a dollar amount		$enter a dollar amount

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