Hess Company's inventory records show the following data for the month of September: 
A physical inventory on September 30 shows 150 units on hand.
Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodic inventory system.
Definitions:
Erythrocytes
Red blood cells responsible for carrying oxygen from the lungs to the body tissues and carbon dioxide from the tissues back to the lungs, facilitated by the protein hemoglobin.
Oxygen-carrying Capacity
The maximum amount of oxygen that can be carried in the blood, mainly determined by the hemoglobin concentration.
Thrombin
An enzyme in blood plasma that causes the clotting of blood by converting fibrinogen to fibrin, playing a central role in hemostasis.
Universal Recipient
A term commonly used to describe individuals with AB positive blood type, who can receive red blood cells from any other blood type.
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