marin aircraft sells a wide variety of model aircraft and uses a perpetual inventory system. On June 1 Martin aircraft had five Cessna 560 model airplanes on hand at a unit cost of $85. During June and July the company had the following purchases and sales for this airplane (all for cash)

Marin Aircraft sells a wide variety of model aircraft and uses a perpetual inventory system. On June 1, Marin Aircraft had five Cessna 560 model airplanes on hand at a unit cost of $85. During June and July, the company had the following purchases and sales for this airplane (all for cash): Determine the cost of goods sold and ending inventory under a perpetual inventory system using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit and final answers to 2 decimal places, e.3. 5.275.75. )