Cullumber Snowboards sells an ultra$-$lightweight snowboard that is considered to be one of thebest on the market. Information follows for Cullumbers purchases and sales of the ultralightweight snowboard in October:Date Transaction Units Unit Purchase Price Unit Sales PriceOct. $1$ Beginning inventory $25$ $$29510$ Purchase $3030112$ Sale $(42)$ $$46613$ Purchase $3530925$ Sale $(45)47627$ Purchase $20316$Calculate the cost of goods sold and the ending inventory using FIFO and weighted average,assuming Cullumber uses a perpetual inventory system. $($Round the weighted average cost perunit and final answersto $2$ decimal places, e$.$g$.5,265\mathrm{.}25.)$FIFO Weighted AverageEnding inventory $ $Cost of goods sold $