calculate by both inventory system

North Hills, Inc. sells an Xpert snowshoe that is popular with snowshoe enthusiasts. The following information shows North Hills's purchases and sales of Xpert snowshoes during January: Unit Sales Price Unit Cost $298 303 Date Explanation Jan. 1 Beginning inventory 7 Purchases 14 Sales 19 Purchases 22 Sales 25 Purchases Units 32 21 (43) 41 (47) 34 $486 308 497 313 38 Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming North Hills uses a perpetual inventory system. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, eg. 15.25.) FIFO Average Cost of goods sold $ Ending inventory $ Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming North Hills uses a periodic inventory system. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25.) FIFO Average $ Cost of goods sold $ $ $ Ending inventory