Current Attempt in Progress Sarasota Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 530 bookcases at a cost of $137 each. During June, the company had the following purchases and sales of bookcases: Purchases Sales Date Units Unit cost Units Unit price June 6 1,140 $139 10 1,020 $211 14 1,880 140 16 1,520 216 26 1,030 141 (a) Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. eg 5.52.) Cost of goods sold $ Cost of the ending inventory $