Samuelson and Messenger (S&M) began 2013 with 360 units of its one product. These units were purchased near the end of 2012 for $20 each. During the month of January, 180 units were purchased on January 8 for $23 each and another 360 units were purchased on January 19 for $25 each. Sales of 170 units and 270 units were made on January 10 and January 25, respectively. There were 460 units on hand at the end of the month. S&M uses a periodic inventory system.

Calculate ending inventory and cost of goods sold for January using (1) FIFO, and (2) average cost. (Round your intermediate calculations to 1 decimal place. Round your average cost per unit to 2 decimal places.)