is.com/courses/349/assignment363894 Current Attempt in Progress Carla Vista Co. uses a perpetual inventory system and reports the following inventory transactions for the month of July Units July 1 Inventory1 50 12 Purchases 230 20 Sale 28 Purchases 490 Unit Cost $11.00 12.00 Total Cost $1,650.00 2.750.00 13.00 6,370.00 Calculate the cost of goods old and ending inventory under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to two decimal places, . 5.27 and final answers to 2 decimal places. 3. 5.275.75. FIFO Weighted average Cost of goods sold Ending inventory e Textbook and Media Which cost formula gives the higher ending inventory? cost formula gives the higher ending inventory. Which cost formula gives the higher ending inventory? cost formula gives the higher ending inventory e Textbook and Media Which cost formula results in the higher cost of goods sold? * cost formula results in the higher cost of goods sold. FIFO Both Weighted average