Bridgeport Limited uses a perpetual inventory system. The inventory records show the following data for its first

month of operations:

$($a$)$

Calculate the cost of goods sold and ending inventory using FIFO.

Cost of goods sold $

Ending inventory $

$($b$)$

X Your answer is incorrect.

Calculate the cost of goods sold and ending inventory using average cost. $($Round average cost per unit to $2$

decimal places, e$.$g$.1\mathrm{.}25$ and final answers to $0$ decimal places, e$.$g$.5,125.)$

Cost of goods sold $

Ending inventory $

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$($c$)$

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