Current Attempt in Progress Concord Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: Date Unit Cost/Price Units Total Cost June 1 1.390 Explanation Beginning inventory Purchases Sale 12 $8.340 17.640 15 2.520 (2.550 ) 4.630 u ovom 16 Purchases Purchases Sales 37.040 12.330 23 1.370 27 (5.890 ) (a) -/1 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, eg. 1.25.) FIFO Average Cost of goods sold $ $ Cost of ending inventory $ $ e Textbook and Media of 3 used Submit