Hess Company's inventory records show the following data for the month of September:

			Units			Unit Cost
Inventory	September 1		100			$3.00
Purchases:	September 8		450			3.50
	September 18		300			3.70

A physical inventory on September 30 shows 150 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodic inventory system.

Ending inventory		$enter a dollar amount
Cost of goods sold		$enter a dollar amount