North Hills, Inc. sells an Xpert snowshoe that is popular with snowshoe enthusiasts. The following information shows North Hillss purchases and sales of Xpert snowshoes during January:

Date			Explanation		Units			Unit Cost			Unit Sales Price
Jan.	1		Beginning inventory		33			$300
	7		Purchases		23			305
	14		Sales		(37	)					$490
	19		Purchases		43			310
	22		Sales		(46	)					501
	25		Purchases		35			315
					51

 

Cost of goods sold $ Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming North Hills 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.) Ending inventory $ FIFO Average $ AA