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Pronghorn Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1.700 units were on hand at the end of the month. Date Units Cost June 1 Total Cost $6,440 $4 12 Explanation Units Beginning inventory 1.610 Purchases 2.470 Purchases 4,380 Purchases 1.640 5 12.350 16 6 26,280 23 7 11.480 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, es 5,275 and Average cost answers to 2 decimal places, ez. 15.25. Round unit cost to 6 decimal places. eg. 15.2438763 FIFO Average Cost of the ending inventory $ Cost of goods sold