Concord Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,500 units were on hand at the end of the month. Date Units Total Cost Units Cost $6 June Explanation Beginning inventory Purchases 1 1,390 $ 8,340 12 7 2,520 17,640 8 16 4,630 37.040 Purchases 9 9 12.330 23 Purchases 1,370 Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to the nearest whole dollar, es. 5,275 and Average cost answers to 2 decimal places, 68.15.25. Round unit cost to decimal places es 15.26476) 6 FIFO Average Cost of the ending inventory $ $ $ $ Cost of goods sold