Marigold Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June. Date Explanation Units Unit Cost/Price Total Cost June 1 1,550 $5 $ 7.750 Beginning inventory Purchases 12 2,320 6 13,920 12 15 Sale (2,340) 7 33,810 4,830 16 Purchases 8 10,880 1.360 23 Purchases 15 (6.260) Sales 27 Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Round average cost per unit and answers to 2 decimal places, es 1.25.) FIFO Average $ Cost of goods sold Cost of ending inventory $