Monty Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 500 bookcases at a cost of $132 each. During June, the company had the following purchases and sales of bookcases: Date Purchases Units Unit cost 1.200 $134 Sales Unit price Units June 6 10 1,020 $189 14 1.830 135 16 1,540 194 26 1.040 136 (a) Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places, eg 5.52.) $ Cost of goods sold Cost of the ending inventory $