Martinez Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,600 units were on hand the end of the month. Date Explanation Units Units Cost Total Cost June 1 Beginning inventory 1.500 $6 $ 9,000 12 Purchases 2.480 7 17.360 16 Purchases 4,560 8 36,480 23 Purchases 1,380 9 12,420 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, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25. Round unit cost to 6 decimal places. e.g. 15.243876.) FIFO Average Cost of the ending inventory $ $ Cost of goods sold $ $