AJ, a bookseller, had the following transactions during the month of April 2022 and uses the perpetual inventory system.
Date
Transaction
Purchases
Sales
Balance
Quantity
Cost
Quantity
Cost
Quantity
Cost
Apr 1
0
$0
Apr 1
Bought 19 novels at $37 each.
19
$37
19
$37
Apr 4
Bought 23 bags at $44 each.
19
$37
23
$44
23
$44
Apr 7
Sold 4 bags.
19
$37
4
$44
19
$44
Apr 11
Bought 18 pencil cases at $5 each.
19
$37
19
$44
18
$5
18
$5
Apr 24
Sold 6 bags.
19
$37
6
$44
13
$44
18
$5
Apr 25
Sold 5 pencil cases
19
$37
13
$44
5
$5
13
$5
Required
The company uses the specific identification cost method for inventory valuation. Calculate the cost of goods sold, and the value of ending inventory for April.
Do not enter dollar signs or commas in the input boxes.
Cost of Goods Sold = $Answer
Ending Inventory = $Answer