Jasper & Williams made purchases of a particular product in the current year as follows:

Jan.	1	Beginning inventory		110	units		@	$	2.30		=	$	253
Mar.	7	Purchased		275	units		@	$	2.40		=		660
July	28	Purchased		550	units		@	$	2.50		=		1,375
Oct.	3	Purchased		50	units		@	$	2.60		=		130
		Totals		985	units							$	2,418

Assume that the specific identification method is used to assign costs to cost of goods sold ending inventory. The units in ending inventory were specifically identified as follows.

• 85 units from beginning inventory
• 32 units from the March 7 purchase, and
• 53 units from the July 28 purchase.

Required Determine the cost to be assigned to ending inventory and cost of goods sold. (Round the final answers to 2 decimal places.)