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The Pharoah Store had a beginning inventory on January 1 of 320 full-size strollers at a cost of $180 per unit. During the year, the

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The Pharoah Store had a beginning inventory on January 1 of 320 full-size strollers at a cost of $180 per unit. During the year, the following purchases were made: At the end of the year, there were 35 units on hand. The Pharoah Store uses a periodic inventory system. Determine the cost of the ending inventory and the cost of goods sold using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275 .)

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