Starstone Corp. uses the perpetual inventory system. Below is Starstone inventory for July.

		Units	Unit Cost	Total Cost
July 1	Beginning inventory	140	$2.50	$350
July 5	Purchase	200	3.50	700
July 10	Purchase	140	4.50	630
July 11	Sale	250
July 15	Purchase	160	5.50	880
July 19	Sale	150

Instructions

Determine the ending inventory and cost of goods sold under:

(a) FIFO

(b) Weighted-average (round unit cost to nearest cent)