Current Attempt in Progress Sheridan Company uses a perpetual inventory system. The following information is available for November: Units Purchase Price Sales Price Nov. 1 Balance 8 $4.00 4 Purchase 20 $4.50 7 Purchase 20 $5.00 10 Sale (8) $8.00 12 Sale (32) $8.00 Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to decimal places, es 5.27 FIFO Cost of goods sold. $ Ending inventory $ FIFO Cost of goods sold Ending inventory Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average costo decimal places. eg. 5.27 and final answers to decimal places, eg. 5,275) Weighted average Cost of goods sold $ Ending inventory