Grouper Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1 of 480 bookcases at a cost of $114 each. During June, the company had the following purchases and sales of bookcases: Purchases Sales Date Units Unit cost Units Unit price June 1,160 $116 10 990 $197 14 1,810 117 16 1,620 202 26 990 118 (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. eg 5.52.) $ $ Cost of goods sold Cost of the ending inventory $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit