35 P6-4B (P6-5B) Big FishTackle Co. Ltd. reports the following inventory transact its fishing rods for the month of April. The company uses a perpetual inventor system. Date Explanation Units Unit Cost Total Cost Apr. 1 Beginning inventory 50 $230 $11,500 Purchases 240 8,400 Sales (55) Purchases 40 245 9,800 Sales (50) Purchases 30 250 7,500 Instructions (a) Determine the cost of goods sold and cost of ending inventory using FIFO. (b) Determine the cost of goods sold and cost of ending inventory using average cost. (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) P6-9B Flin Flon Limited sells three products whose prices are sensitive to price fluctuations. The following inventory information is available for these products at