Sam's Corner Store has the following purchase and sales information for one of their inventory items:

Date

Units

$/Unit

Total

Feb1

Opening inventory

10

$8

$80

Feb9

Purchase

25

$9

$225

Feb 15

Sale

15

$15

$225

Feb 17

Purchase

20

$11

$220

Feb 25

Sale

10

$16

$160

For (c) and (d) assume the company uses the perpetual inventory system.

(c) What is the value of the ending inventory if the company uses FIFO?

(d)What is the cost of goods sold for the Feb 25 sale if the company uses FIFO to cost the inventory?