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Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020 as

Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020 as follows:

Jan. 1 Beginning inventory 130 units @ $ 7.70 = $ 1,001.00
Jan. 10 Sold 60 units @ $ 16.20 = 972.00
Mar. 7 Purchased 370 units @ $ 7.00 = 2,590.00
Mar. 15 Sold 120 units @ $ 16.20 = 1,944.00
July 28 Purchased 620 units @ $ 6.80 = 4,216.00
Oct. 3 Purchased 570 units @ $ 6.70 = 3,819.00
Oct. 5 Sold 810 units @ $ 16.20 = 13,122.00

Assume that Car Armour specifically sold the following units:

Jan. 10: 60 units from beginning inventory
Mar. 15: 30 units from beginning inventory, and
90 units from the March 7 purchase
Oct. 5: 305 units from the July 28 purchase, and
505 units from the October 3 purchase

Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)

Ending Inventory?
Cost of goof sold?

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