Using the records below, provide the information requested. Figures below relate to Poppys Products inventory of t-shirts during the first quarter of 2005. On February 5, a customer purchased 900 t-shirts for $15 each. Two weeks later, Poppys sold 600 shirts for $14 each.

NOTE: Two copies of identical information are provided below:

DATE ACTIVITY UNITS COST/UNIT TOTAL

Jan. 1 Inventory 700 $7.40 $ 5,180

Jan. 21 Purchase 800 $6.00 4,800

Feb. 10 Purchase 1,200 $6.60 7,920

Mar. 15 Purchase 500 $6.25 3,125

DATE ACTIVITY UNITS COST/UNIT TOTAL

Jan. 1 Inventory 700 $7.40 $ 5,180

Jan. 21 Purchase 800 $6.00 4,800

Feb. 10 Purchase 1,200 $6.60 7,920

Mar. 15 Purchase 500 $6.25 3,125

(A.) Determine the following amounts if Poppys had used the periodic LIFO method:

Cost of Goods Sold: $________________ Ending Inventory: $________700________

(B.) Determine the following amounts if Poppys had used the periodic average cost method:

Cost of Goods Sold: $________________ Ending Inventory: $________________