In its first month of operations, Blue Inc, made three purchases of inventory in the following sequence: (1) 390 units at $9 each, (2) 710 units at $12 each, and (3) 760 units at $11 each. A physical inventory count determined that there were 590 units on hand at the end of the month. Assuming Blue uses a periodic inventory system. Calculate the cost of the ending inventory and cost of goods sold using average. (Round final answers to 2 decimal places, e.g. 1.25.) Weighted average cost $ Ending inventory $ Cost of goods sold