5 of 6 View Policies Current Attempt in Progress -16 Windsor Aircraft sells a wide variety of model aircraft and uses a perpetual inventory system. On June 1, Windsor Aircraft had five Cessna 560 model airplanes on hand at a unit cost of $95. During June and July, the company had the following purchases and sales for this airplane (all for cash) Purchases Sales Units Unit Cost Units Unit Price June 41 2 $220 18 5 $120 30 6 245 July 5 5 125 25 22 12 265 2 265 (a) Determine the cost of goods sold and ending inventory under a perpetual inventory system using (1) FIFO and (2) weighted average (Round the weighted average cost per unit and final onneers to 2 decimal places, ea 5.27575) (b) Calculate gross profit using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit and final ontwers to 2 decimal places, eg 5.275.75) FIFO Gross profit $ eTextbook and Media) Save for Later Weighted average Attempts: 0 of 2 used Sit Ame