current Attempt in Progress Pharoah Company uses a perpetual inventory system and reports the following inventory transactions for the month of July Total Cost $1,500.00 Unit Cost $10.00 11.50 Units 150 230 (250) 490 July 1 Inventory 12 Purchases 20 Sale 28 Purchases 2,645.00 2013 12.00 5,880,00 Calculate the cost of goods sold and ending inventory under (1) FIFO and (2) weighted average (Round the weighted average cost per unit to two decimal places, 5.27 and final answers to 2 decimal places, s. 5,275,75) FIFO Weighted average Cost of goods som Ending inventory eTextbook and Media Which cost formula gives the higher ending inventory? cost formula gives the higher ending inventory. e Textbook and Media Which cost formula results in the higher cost of goods sold? cost formula results in the higher cost of goods sold. e Textbook and Media