Fly-Buy Aircraft sells a wide variety of model aircrafts 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 $95.00. 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 $225.00 5 $120.00 6 250.00 June 4 18 30 July 5 12 25 5 125.00 3 2 270.00 270.00 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, eg. 5.27 and final answers to 2 decimal places, es. 52.75) FIFO Weighted average Cost of goods sold $ $ Endine invent $ s 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, e... 52.75) 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, es, 52.75.) FIFO Weighted average Gross profit $