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nment FULL SCREEN PRINTER VERSION 1 BACK NEXT Question 2 North Hills, Inc. sells an Xpert snowshoe that is popular with snowshoe enthusiasts. The following information shows North Hills's purchases and sales of Xpert snowshoes during January: Unit Unit Sales Date Explanation Units Cost Price Jan. 1 Beginning inventory $300 7 Purchases 305 14 Sales (37) $490 19 Purchases 310 22 Sales (46) 501 25 Purchases 315 Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming North Hills uses a perpetual inventory system. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25.) FIFO Average Cost of goods sold 69 Ending inventory