View Policies Current Attempt in Progress Martinez Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: Unit Date June 1 Explanation Beginning inventory Units Cost/Price Total Cost 1,500 $6 $9,000 12 Purchases 2,480 7 17,360. 15 Sale (2.610) 12 16 Purchases: 4,560 8 36,480 23 Purchases 1,380 9 12,420 27 Sales (5,830) 15 (a) Your answer has been saved. See score details after the due date. 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.)