Martinez Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations:

Date			Explanation		Units		Unit Cost		Total Cost		Balance in Units
Aug.	2		Purchases		242		$70		$16,940		242
	3		Purchases		520		101		52,520		762
	10		Sales		(289	)					473
	15		Purchases		941		125		117,625		1,414
	25		Sales		(320	)					1,094

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

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

Calculate the cost of goods sold and ending inventory using the average cost method. (Round average cost per unit and final answers to 2 decimal places, e.g. 1.25.)

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