Botter Company had a beginning inventory of 200 units at a cost of $13 per unit on August 1. During the month, the following purchases and sales were made.

Purchases				Sales
August	4		250 units at $14	August	7	150 units
August	15		350 units at $15	August	11	100 units
August	28		200 units at $16	August	17	300 units
				August	24	200 units

Botter uses a periodic inventory system.

Instructions

Determine ending inventory and cost of goods sold under (a) FIFO, and (b) LIFO.

(a)	FIFO:
	Ending inventory = $_____________; cost of goods sold = $____________.
(b)	LIFO:
	Ending inventory = $_____________; cost of goods sold = $____________. please show work.