Vaughn Company, which uses a periodic inventory system, had a beginning inventory on May 1, of 400 units of Product A at a cost of $7 per unit. During May, the following purchases and sales were made.

Purchases Sales

May 6 375 units at $9 May 4 275 units

14 250 units at $10 8 350 units

21 300 units at $11 22 450 units

28 425 units at $13 24 225 units

1,350 1,300

Instructions: Compute the May 31 ending inventory and May cost of goods sold using average cost.

Ending inventory _ , Cost of goods sold __.