Daryl Dixon Ltd. uses a periodic inventory system and has a beginning inventory, as at June 1 of 1,000 bookcases at a cost of $125 each. During June, the company had the following purchases: At the end of June a physical count of inventory was performed and there were 2,000 bookcases in inventory. Determine the cost of goods sold in dollars using the FIFO cost formula. $ Determine the cost of goods sold in dollars using the average cost formula. $