Maxell Company uses the FIFO method to assign costs to inventory and cost of goods sold. The company uses a periodic inventory system. Consider the following information:

Date	Description	# of units	Cost per unit
January 1	Beginning inventory	280	$	6
June 2	Purchase	75	$	5
November 5	Sales	305

What amounts would be reported as the cost of goods sold and ending inventory balances for the year?