Martinez Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: Date Unit Cost/Price $6 Total Cost $9,000 17,360 7 June 1 12 15 16 23 27 Explanation Beginning inventory Purchases Sale Purchases Purchases Sales Units 1,500 2,480 (2,610) 4,560 1,380 (5,830) 12 8 36,480 12,420 15 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, eg. 1.25.) FIFO Average Cost of goods sold $ $ $ Cost of ending inventory $ $