The ABC company had 300 units on initial inventory on April 21, 2021. The cost per unit of the inventory is of $75. Below is information about the purchases and the sales made during the month of April:

Date Purchase Sale

April 5 100 units @ $125

April 12 50 units @ $80

April 15 150 units @ $130

April 29 60 units @ $85 Question 1: Which is the cost of the final inventory of the ABC company on April 30 under the old cost method (FIFO)?

Question 2: Which is the cost of the final inventory of the ABC company on April 30 under the periodical old cost method (LIFO)?