CumCIL LLLL06235 Ayayai Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,700 units were on hand at the end of the month. Date Units Cost $4 June 1 12 Explanation Beginning inventory Purchases Purchases Purchases Units 1,390 2,230 4,580 1,640 5 Total Cost $5,560 11,150 27,480 11,480 6 16 23 7 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, eg. 5,275 and Average cost answers to 2 decimal places, eg. 15.25. Round unit cost to 6 decimal places.eg. 15.243876.) FIFO Average Cost of the ending inventory $ Cost of goods sold $