er 6 Question 10 of 10 -/1 = Sarasota Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,600 units were on hand at the end of the month. Date Units June 1 12 Explanation Beginning inventory Purchases Purchases Purchases Units Cost $6 7 1,530 2,090 4,740 1,380 Total Cost $9,180 14,630 37,920 12,420 16 8 9 23 Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, eg, 15.25. Round unit cost to 6 decimal places. e.g. 15.243876.) FIFO Average Cost of the ending inventory $ $ Cost of goods sold $