Date January 1 Transactions Units Unit Cost Total Cost Beginning inventory 45 $28 $900 April 14 Purchase 60 22 1,3201 August 22 Purchase 110 24 2,640 October 29 Purchase 75 26 1,950 290 $6,810 January 1 to December 31 Sales ($40 each) 255 Martin uses a periodic inventory system and believes there are 35 birds remaining in ending inventory. However, Martin neglects to make a final inventory count at the end of the year. An employee accidentally left one of the cages open one night and 10 birds flew away, leaving only 25 birds in ending inventory. Martin is not aware of the lost canaries. Required: 1. What amount will Martin calculate for ending inventory and cost of goods sold using FIFO, assuming he erroneously believes 35 canaries remain in ending inventory? Ending inventory Cost of goods sold