During 2015, a company sells 340 units of inventory for $88 each. The company has the following inventory purchase transactions for 2015:

Ending Inventory:

Cost of goods sold=

Calculate ending inventory and cost of goods sold for 2015 assuming the company uses FIFO with a periodic inventory system

Date	Transaction	Number of Units			Unit Cost			Total Cost
Jan. 1	Beginning inventory		67		$	64		$	4,288
May 5	Purchase		162			65			10,530
Nov. 3	Purchase		183			67			12,261
			412					$	27,079