EBECEDE Company has the following inventory transactions for the month of February:

	Units	Unit Cost
Beginning, Feb. 1	10,000	40
Purchases, Feb. 10	10,000	43
Sold, Feb. 15	15,000
Purchases, Feb. 18	5,000	44
Sold, Feb. 25	2,000

The company uses the perpetual inventory system. Determine the cost of inventory on February 29 and cost of goods sold under:

Inventory Cost Flow	Ending Inventory	Cost of Goods Sold (COGS
First in, first out (FIFO)
Weighted Average
Last in, first out (LIFO)