Novak Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Novaks purchases of Xpert snowboards during September is shown below. During the same month, 87 Xpert snowboards were sold. Novaks uses a periodic inventory system.

Date		Explanation		Units		Unit Cost		Total Cost
Sept. 1		Inventory		10		HK$970		HK$ 9,700
Sept. 12		Purchases		34		1,020		34,680
Sept. 19		Purchases		12		1,040		12,480
Sept. 26		Purchases		54		1,050		56,700
		Totals		110				HK$113,560

(a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to 0 decimal places, e.g. 125.)

		FIFO		Average-Cost
The ending inventory at September 30		HK$-------?		HK$ --------?
Cost of goods sold		HK$---------?		HK$ ---------?

(b) For both FIFO and average-cost, calculate the sum of ending inventory and cost of goods sold. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to 0 decimal places, e.g. 125.)

		FIFO		Average-Cost
The sum of ending inventory and cost of goods sold		HK$---------?		HK$ -------?