Given the following information, compute the cost of ending inventory and cost of goods sold under the FIFO method

Given the following information, compute the cost of ending inventory and cost of goods sold under the FIFO method. Carla Vista Appliances Washer Hoses Date Jan. 1 Mar. 22 Jul. 3 Oct. 31 Date Oct. 31 Jul. 3 Explanation Beginning Inventory Purchase Purchase Purchase Total units available for sale Units in ending inventory Units sold Units 236 303 Step 2 Cost of Goods Sold Units 51 118 236 67 472 (110) 362 Unit Cost 8 9 10 12 Total Cost 408 1,062 2,360 804 4,634 Step 1 Ending Inventory Unit Cost 12 10 3164 Total Cost 804 2360 Cost of goods available for sale Less: Ending inventory Cost of goods sold