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	210	$5
June 2	Purchase	75	$4
November 5	Sales	245

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

Cost of goods sold $1,225; Ending inventory $215

Cost of goods sold $1,150; Ending inventory $200

Cost of goods sold $1,190; Ending inventory $160

Cost of goods sold $1,365; Ending inventory $180