Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.

Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of $210$ units from the January $30$ purchase, $5$ units from the January $20$ purchase, and $30$ units from beginning inventory.

Date Activities Units Acquired at Cost Units sold at Retail

January $1$ Beginning inventory $155$ units @ $ $8\mathrm{.}00=$ $ $1,240$

January $10$ Sales $115$ units @ $ $17\mathrm{.}00$

January $20$ Purchase $90$ units @ $ $7\mathrm{.}00=630$

January $25$ Sales $95$ units @ $ $17\mathrm{.}00$

January $30$ Purchase $210$ units @ $ $6\mathrm{.}50=1,365$

Totals $455$ units $ $3,235210$ units