Fly-Buy Aircraft sells a wide variety crafts and uses a perpetual inventory system. On June 1. Fly-Buy Aircraft had five Cessna 560 model airplanes on hand at a unit cost of $105.00. During June and July, the company had the following purchases and sales for this airplane (all for cash): Purchases Units Unit Cost Units 2 Sales Unit Price $210.00 5 $115 6 235.00 June 4 18 30 July 5 12 25 5 120.00 3 2 255.00 255.00 Determine the cost of goods sold and ending inventory under a perpetual inventory system using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to two decimal places, e8.5.27 and final answers to 2 decimal places, eg. 5275) FIFO Weighted average Cost of goods sold $ Ending inventory $ 5 120.00 July 5 12 25 3 255.00 255.00 2. Determine the cost of goods sold and ending inventory under a perpetual inventory system using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to two decimal places, eg 5.27 and final answers to 2 decimal places, eg. 5275.) FIFO Weighted average Cost of goods sold $ Ending inventory $ Calculate gross profit using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to two decimal places, es 5.27 and final answers to 2 decimal places, eg. 52.75) FIFO Weighted average Gross profit