Paul s Paint acquired the following five cans of paint:

||Date||Dec. 2||Dec. 10||Dec. 12||Dec. 16||Dec. 25

|Cost|$11|$12|$12|$14|$15

A December 31 inventory count revealed that three cans remained on the shelf. The company uses FIFO for valuing inventory and cost of goods sold.

Required:

1. Complete the table.

Date	Dec. 2	Dec. 10	Dec. 12	Dec. 16	Dec. 25	Total
COGS
Inventory

2. What was the value of inventory on December 31?
3. What was the total cost of goods sold for December?