Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech uses a periodic inventory system. (Round FIFO answers to the nearest whole dollar, eg. 5,275 and Average cost answers to 2 decimal places, eg. 15.25. Round per unit cost to 2 decimal places, eg. 15.25.) FIFO Average Cost Cost of goods sold Ending inventory Snow-Tech, Inc sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert skis during November: Unit Unit Sales Cost/Price Price Date Explanation Units Nov. 1 35 $297 Beginning inventory Purchases 5 22 302 12 Sales (38) 464 19 Purchases 42 307 22 Sales (49) 475 25 Purchases 32 312 (a) Your answer has been saved. See score details after the due date. Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech uses a perpetual inventory system. (Round FIFO answers to the nearest whole dollar, eg. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25. Do not round intermediate calculations.) FIFO Average Cost Cost of goods sold $ 26,249 $ 301.71 Ending inventory$ 13,668 $ 310.64 Attempts: 1 of 1 used