Microsoft has the following inventory data:
1-Jul		Beginning inventory	12 units at $19		each
5-Jul		Purchases	60 units at $24		each
14-Jul		Sale	55 units
21-Jul		Purchases	35 units at $22		each
30-Jul		Sale	23 units
Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis as of the end of July?

Nike has the following inventory data:
1-Jul		Beginning inventory	67 units at $52		each
5-Jul		Purchases	350 units at $53		each
14-Jul		Sale	267 units
21-Jul		Purchases	395 units at $55		each
30-Jul		Sale	300 units
A physical count of merchandise inventory on July 31 reveals that there are 245 units on hand. Using the periodic LIFO inventory method, the amount allocated to ending inventory is?