a Pronghorn Furniture Ltd, uses a perpetual inventory system and has a beginning inventory, as at June 1. of 490 bookcases at a cost of $129 each. During June, the company had the following purchases and sales of bookcases: Purchases Units Unit cost Sales Units Unit price Date June 6 1.150 $131 10 1.050 $186 14 1,820 132 16 1.680 191 26 950 133 * Your answer is incorrect Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. e3 5.52.) Cost of goods sold 359326.19 Cost of the ending inventory $ 221123,81 Assistance Used Sarasota Corporation sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2021: Coffee Bean Units Unit Cost Net Realizable Value Coffea arabica 13,200 bags $5.60 $5.55 Coffea robusta 5.200 bags 3.40 3.50 Your answer is partially correct. Prepare any journal entry required to record the LCNRV, assuming that Sarasota uses a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Cost of Goods Sold 91600 Inventory