Mountain Country, Inc. sells an Xpert skateboard that is popular with skateboard enthusiasts. The following information shows Mountain Countrys purchases and sales of Xpert skateboards during February:

Date			Explanation		Units			Unit Cost			Unit Sales Price
Feb.	1		Beginning inventory		31			$ 297
	8		Purchases		22			302
	15		Sales		( 41	)					$ 476
	19		Purchases		43			307
	22		Sales		( 47	)					487
	25		Purchases		33			312
					41

Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Mountain Country uses a perpetual inventory system. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25.)

	FIFO		Average
Cost of goods sold	$		$
Ending inventory	$		$

Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Mountain Country uses a periodic inventory system. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25.)

	FIFO		Average
Cost of goods sold	$		$
Ending inventory	$		$