Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail

Jan. 1 Beginning inventory 160 units @ $ 7.20 = $ 1,152

Jan. 10 Sales 95 units @ $ 15.20

Jan. 20 Purchase 230 units @ $ 6.20 = 1,426

Jan. 25 Sales 155 units @ $ 15.20

Jan. 30 Purchase 100 units @ $ 5.20 = 520

Totals 490 units | $ 3,098 | 250 units

Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.)