Bordeaux Company has the following information related to purchases and sales of one of its inventory items:

ssume that Bordeaux uses a perpetual inventory system.

Required:

Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method.

Cost of goods sold
Cost of ending inventory

Date	Description	Units Purchased at Cost	Units Sold at Retail
June 1	Beginning Inventory	150 units @ $11 = $1,650
9	Purchase 1	200 units @ $12 = $2,400
14	Sale 1		300 units @ $25
22	Purchase 2	250 units @ $14 = $3,500
29	Sale 2		225 units @ $25