Sheridan Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sheridans purchases and sales of the ultra-lightweight snowboard in October:

Date		Transaction		Units				Unit Purchase Price			Unit Sales Price
Oct. 1		Beginning inventory			25			$ 304
10		Purchase			30			312
12		Sale			(42)						$ 467
13		Purchase			35			318
25		Sale			(45)						477
27		Purchase			20			326

Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Sheridan uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.)

		FIFO		Weighted Average
Ending inventory		$ enter a dollar amount		$ enter a dollar amount
Cost of goods sold		$ enter a dollar amount		$ enter a dollar amount

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What would be the ending inventory and cost of goods sold if Sheridan used FIFO and weighted average in a periodic inventory system? (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.)

		FIFO		Weighted Average
Ending inventory		$ enter a dollar amount		$ enter a dollar amount
Cost of goods sold