Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method perpetually at the time of each sale, as if it uses perpetual inventory system. Assume Oahu Kikis records show the following for the month of January. The company sold 290 units between January 16 and 23.

	Date Units			Unit Cost			Total Cost
Beginning Inventory	January 1		240		$	70		$	16,800
Purchase	January 15		450			80			36,000
Purchase	January 24		210			100			21,000

Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods.

	FIFO	LIFO
Cost of Ending Inventory
Cost of Goods Sold