On December 1, 2014, Seattle Company had the account balances shown below.

		Debits				Credits
Cash		$6,380		Accumulated DepreciationEquipment		$1,340
Accounts Receivable		3,940		Accounts Payable		2,900
Inventory (3,000 x $0.59)		1,770		Common Stock		20,400
Equipment		21,100		Retained Earnings		8,550
		$33,190				$33,190

The following transactions occurred during December.

Dec. 3		Purchased 4,100 units of inventory on account at a cost of $0.70 per unit.
5		Sold 4,400 units of inventory on account for $0.88 per unit. (It sold 3,000 of the $0.59 units and 1,400 of the $0.70.)
7		Granted the December 5 customer $176 credit for 200 units of inventory returned costing $120. These units were returned to inventory.
17		Purchased 2,400 units of inventory for cash at $0.79 each.
22		Sold 2,300 units of inventory on account for $0.96 per unit. (It sold 2,300 of the $0.70 units.)

Adjustment data:

1.		Accrued salaries and wages payable $500.
2.		Depreciation on equipment $160 per month. compute ending inventory and cost of goods sold under FIFO, assuming Seattle Company uses the periodic inventory system