Concord Limited uses a perpetual inventory system. The inventory records show the following Date Explanation Units Unit Cost Total Cost Balance in Units Aug. 2 Purchases 237 $73 $17,301 237 3 Purchases 475 97 46,075 712 10 Sales (300) 412 15 Purchases 894 122 109,068 1.306 25 Sales (330) 976 Calculate the cost of goods sold and ending inventory using the FIFO cost method. Cost of goods sold $ Ending Inventory $ Calculate the cost of goods sold and ending inventory using the average cost method. (Round average places, eg. 1.25. Round intermediate and final answers to decimal places, eg: 5.125.) Cost of goods sold $ Ending Inventory S ere to search Current Attempt in Progress All of the following are examples of a control activity except insistence that employees work overtime. prenumbering cheques. O reconciling the bank statement. O using prenumbered documents. Save for Later