Sarasota Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 149 tents. This consists of 48 tents purchased in February at a cost of $208 each and 101 tents purchased in March at a cost of $228 each. During April, the company had the following purchases and sales of tents:

			Purchases			Sales
Date			Units		Unit Cost		Units		Unit Price
Apr.	3						71		$425
	10		190		$280
	17						261		425
	24		287		286
	30						208		425

a)Determine the cost of goods sold and the cost of the ending inventory using FIFO.

Cost of goods sold		$
Cost of the ending inventory		$

b)Determine the cost of goods sold and the cost of the ending inventory using Average Cost Method