Question: Flounder Ltd . , which uses a perpetual inventory system, recorded the following inventory transactions for this year: table [ [ , , ,

Flounder Ltd., which uses a perpetual inventory system, recorded the following inventory transactions for this year:
\table[[,,,Purchases,Sales],[,,,Units,Unit Cost,Units,Selling Price/Unit],[Apr.,1,Beginning inventory,95,$15,,],[,25,Purchase,305,17,,],[May,4,Purchase,135,19,,],[,16,Sale,,,245,$31],[June,4,Purchase,105,23,,]]
Using the FIFO cost formula, calculate the cost of goods sold for the quarter ended June 30.
Cost of goods sold $
Using the average cost formula, calculate the ending inventory at June 30.(Round per unit costs to 2 decimal places, eg.52.75 and final answer to 0 decimal places, eg.5,125.)
Ending inventory $
Flounder Ltd . , which uses a perpetual inventory

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