9.49.24 PM Collaborations View Policies Wiley PLUS Support Current Attempt in Progress In its first month of operations, Culver Inc. made three purchases of merchandise in the following sequence: (1) 350 units at $10 each, (2) 710 units at $11 each, and (3) 800 units at $10 each. A physical inventory count determined that there were 630 units on hand at the end of the month. Assuming Culver uses a periodic inventory system. Calculate the cost of the ending inventory and cost of goods sold using by FIFO. Ending inventory $ Cost of goods sold $ e Textbook and Media O 19:24 PM e Textbook and Media Calculate the cost of the ending inventory and cost of goods sold using average. (Round final answers to 2 decimal places, e.g. 1.52.) Weighted average cost $ $ Ending inventory Cost of goods sold $ e Textbook and Media