In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: 200 units at $6; 250 units at $5; and 300 units at $4. There are 400 units on hand at the end of the period. Blossom uses a periodic inventory system.

Calculate the cost of the ending inventory and cost of goods sold under FIFO.

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

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Calculate the cost of the ending inventory and cost of goods sold under weighted average. (Round weighted average cost per unit to two decimals places e.g. 52.75 and final answers to 0 decimal places e.g. 5,275.)

		Weighted average
Ending inventory		$enter a dollar amount rounded to 0 decimal places
Cost of goods sold		$enter a dollar amount rounded to 0 decimal places