Company's inventory records for the most recent year contain the following data:

Data table

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	Quantity	Unit Cost
Beginning inventory	4,000	$8.00
Purchases during year	16,000	$12.00

Company sold a total of

18,500

units during the year.

Average-cost method cost of goods sold =	$207,200
Average-cost method ending inventory =	$16,800

Part 2

Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year.

FIFO method cost of goods sold =
FIFO method ending inventory =