In its first month of operations, Flounder Inc. made three purchases of merchandise in the following sequence: (1) 390 units at $8 each, (2) 680 units at $11 each, and (3) 800 units at $10 each. A physical inventory count determined that there were 620 units on hand at the end of the month. Assuming Flounder uses a periodic inventory system.

Calculate the cost of the ending inventory and cost of goods sold using by FIFO.

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

Calculate the cost of the ending inventory and cost of goods sold using average. (Round final answers to 2 decimal places, e.g. 1.52 .)

Weighted average cost		$enter a dollar amount
Ending inventory		$enter a dollar amount
Cost of goods sold		$enter a dollar amount