Synergy Company began 2023 with 17,000 units of Product X in its inventory that cost $7.10 per unit, and it made successive purchases of the product as follows:

Mar.	7		24,000		units	@		$	8.60	each
May	25		29,000		units	@		$	10.60	each
Aug.	1		19,500		units	@		$	13.40	each
Nov.	10		29,000		units	@		$	14.90	each

The company uses a periodic inventory system. On December 31, 2023, a physical count disclosed that 13,000 units of Product X remained in inventory. Required:

2. Prepare calculations showing the amounts that should be assigned to the 2023 ending inventory and to cost of goods sold, assuming: a. FIFO