View Policies Show Attempt History Current Attempt in Progress Snow-Tech, Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert skis during November: Date Units 34 Unit Unit Sales Cost/Price Price $295 300 500 Nov. 1 5 Explanation Beginning inventory Purchases Sales Purchases Sales Purchases 12 19 305 22 (40) 43 (47) 31 43 22 511 310 25 (b) Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech uses a periodic inventory system. (Round FIFO answers to the nearest whole dollar, es 5,275 and Average cost answers to 2 decimal places, eg, 15.25. Round per unit cost to 2 decimal places, eg. 15.25.) Average Cost Cost of goods sold Ending inventory FIFO $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit