Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 490 bookcases at a cost of $126 each. During June, the company had the following purchases and sales of bookcases: Date June Purchases Units Unit cost 1.220 $128 Sales Units Unit price 6 10 14 16 26 970 $197 1.870 129 1.670 202 1,050 130 (a) Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. e.g 5.52.) Cost of goods sold $ Cost of the ending inventory $