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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning 521 units @ $88/unit Feb. 10

The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020.

Beginning 521 units @ $88/unit
Feb. 10 265 units @ $85/unit
Aug. 21 145 units @ $98/unit

Stilton Company has two credit sales during the period. The units have a selling price of $148 per unit.

Sales
Mar. 15 345 units
Sept. 10 250 units

Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.)

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