1 / 3 100% Use the following information for questions 3 & 4 Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7.200 units that cost $50 each. During the month, the company made two purchases: 3,000 units at $55 each and 12,000 units at $58 each. Checkers also sold 12,900 units during the month. Do not round-use exact amounts - answers required to include 2 decimal places for dollars and cents 3. Using the average cost method, what is the dollar amount of ending Inventory for the month? Using the average cost method, what is the dollar amount of cost of goods sold