Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2020.

Beginning Inventory 316units@$77/unit March10purchased 202units@$80/unit March20sold 368units@$147/unit May13purchased 271units@$73/unit August 5purchased 268units@$65/unit September10sold 556units@$147/unit

Ontario Skateboard Company employs a perpetual inventory system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using FIFO: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round weighted average all unit costs to two decimal places.)