Bridgeport Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1. of 500 bookcases at a cost of $124 each. During June, the company had the following purchases and sales of bookcases: Purchases Units Unit cost 1.250 $126 Date June Units Sales Unit price 6 10 1,040 $193 14 1.790 127 16 1,610 198 26 990 128 (a) 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. eg 5.52.) Cost of goods sold $ Cost of the ending inventory $