Coleman Company had the following information for the year ending December 31:

Units Unit Cost

Beginning inventory: 260 $45

Purchase:April 6 310 44

Sale:May 4 430

Purchase:July 19 240 42

Sale:September 9 220

Purchase:October 10 160 40

Coleman uses theperpetual inventory systemand theFIFOmethod.

Required:

Using FIFO

(a)Compute the cost of ending inventory.

(b)Compute thecost of goods soldfor the year.

Cost of ending inventory______

Cost of goods sold______