Zipp Hotel has a fiscal year end of December 31. The gift shop sells one kind of souvenir tote bag. On January 1, the gift shop had 24 units in inventory with a cost of $25 each. During the year, 74 units were sold. Zipp Hotel uses a periodic inventory system. Date Purchases Quantity Cost Value Jan 1 24 $25 $ Feb 20 25 $26 $ Mar 15 25 $28 $ Jun 10 25 $29 $ Sep 30 29 29 $30 $ Nov 20 22 $32 $ Required Do not enter dollar signs or commas in the input boxes. Assume the FIFO inventory valuation method was used. Determine i) ending inventory and ii) cost of sales. Ending Inventory = $ Cost of Sales = $