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Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made...

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Accounting

Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory 110 units @ $ 7.00 = $ 770 Jan. 10 Sold 80 units @ $ 15.50 = 1,240 Mar. 7 Purchased 300 units @ $ 6.30 = 1,890 Mar. 15 Sold 130 units @ $ 15.50 = 2,015 July 28 Purchased 550 units @ $ 6.10 = 3,355 Oct. 3 Purchased 500 units @ $ 6.00 = 3,000 Oct. 5 Sold 670 units @ $ 15.50 = 10,385 Assume that Car Armour specifically sold the following units: Jan. 10: 80 units from beginning inventory Mar. 15: 10 units from beginning inventory, and 120 units from the March 7 purchase Oct. 5: 200 units from the July 28 purchase, and 470 units from the October 3 purchase Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)

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