SPI-K has the following information for its inventory, purchases and sales for the recent year-end. The company uses the perpetual inventory system

Activity	Units	Purchase Price (per unit)	Sale Price (per unit)
Beginning Inv.	110	$5.90
Purchase May 14	575	$6.00
Sale	380		$8.80
Sale	225		$9.00
Purchase July 10	680	$6.20
Sale	270		$9.00
Sale	290		$9.50
Purchase Aug 15	230	$6.3
Sale	240		$9.90

Required:

1. Calculate the cost of ending inventory and cost of goods sold using the FIFO method.
2. Calculate the cost of ending inventory and cost of goods sold using the weighted average method.