Inventory Costing Methods and the Periodic Method Lambeth Company experienced the following events in January:

Date	Event	Units		Unit Cost	Total Cost
Jan. 10	Purchased inventory	100	@	$102	$10,200
Jan. 20	Purchased inventory	200	@	$104	$20,800
Jan. 30	Sold inventory	150

If the Lambeth Company uses the FIFO inventory costing method, calculate the companys cost of goods sold and its ending inventory as of January 31 assuming the periodic method.

Cost of goods sold	Answer
Ending inventory	Answer