Blue Ltd$.$ uses the perpetual inventory system and reports the following inventory transactions for the month of June:

$($a$)$

Determine the cost of goods sold and the cost of the ending inventory using $(1)$ FIFO and $(2)$ average cost. $($Round average cost per

unit and final answers to $2$ decimal places, e$.$g$.1\mathrm{.}25$ or $5,275\mathrm{.}25.)$

FIFO

Cost of goods sold

Average Cost