From the following, calculate the cost of ending inventory and cost of goods sold for the FIFO method, ending inventory is 55 units. (Round your answers to the nearest cent.)

Drill Problem 18-14 (Algo) [LU 18-1 (2)] From the following, calculate the cost of ending inventory and cost of goods sold for the FIFO method, ending inventory is 55 units. (Round your answers to the nearest cent.) Units 5 10 12 Beginning inventory and purchases January 1 April 10 May 15 July 22 August 19 September 30 November 10 December 15 Unit cost $ 2.60 3.10 3.60 3.85 4.60 4.80 5.00 5.40 18 20 32 16 Cost of ending inventory Cost of goods sold