Cheyenne Inc. is a retailer using the periodic inventory system. All sales returns from customers result in the goods being returned to inventory. (Assume that the inventory is not damaged.) Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Cheyenne Inc. for the month of January. Date Description Beginning inventory Purchase Quantity 160 100 Unit Cost or Selling Price 19 23 42 Sale 180 Dec. 31 Jan. 2. Jan. 6 Jan. 9 Jan. 9 Jan. 10 Sale return 42 Purchase 24 10 75 15 50 100 24 Purchase return Sale Purchase Jan. 10 44 26 Jan. 23 Jan. 30 Sale 120 50 X Your answer is incorrect. Calculate (i) cost of goods sold and (ii) ending inventory using Average. (Round average cost to 3 decimal places, e.g. 5.252 and round final answers to 2 decimal places, e.g 5.25.) (i) Cost of goods sold $ 7300 (ii) Ending inventory $