Martinez Company had the following information for the year ending December 31:

Additional Resources

		Units	Unit Cost
Beginning inventory		290	$45
Purchase:	April 6	340	43
Sale:	May 4	240
Purchase:	July 19	590	40
Sale:	September 9	450
Purchase:	October 10	100	35

Martinez uses the perpetual inventory system and the FIFO method.

Required:

Using FIFO

(a) Compute the cost of ending inventory.

(b) Compute the cost of goods sold for the year.