Current Attempt in Progress Blue Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: Date Explanation Units Unit Cost/Price Total Cost June 1 Beginning inventory 1,380 $5 $6,900 12 Purchases 2,460 6 14,760 15 Sale (2,450 ) 12 16 Purchases 4,170 7 29.190 23 Purchases 1.430 8 11,440 27 Sales (5,460 ) 15 (a) Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Round average cost per unit and answers to 2 decimal places, e.g. 1.25.) FIFO Average Cost of goods sold $ $ Cost of ending inventory $ $