Camino Tires Company uses a perpetual inventory system for its business. During March, the company had the following merchandising transactions.

Date	Transaction	Tires	Cost	Total
Mar 1.	Beginning Inventory	44	$ 145.00	$6,380.00
Mar 3.	Purchase	25	$ 179.00	$4,475.00
Mar 11.	Purchase	15	$ 205.00	$3,075.00

Date	Transaction	Tires	Sales Price	Total
Mar 30.	Sale	55	$ 250.00	$13,750.00

Required:

Calculate the following using the FIFO (First-in First-out) Inventory Costing Method.

Number of tires sold = 55

1. Cost of Goods Sold:

Number of Tires Sold	Cost	Total
	$ 145.00
	$ 179.00
	$ 205.00
Total Cost of Goods Sold

2. Ending Inventory:

Number of Tires in Ending Inventory	Cost	Total
	$ 145.00
	$ 179.00
	$ 205.00
Total Ending Inventory