Monty Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses a perpetual inventory system. Apr Date Explanation 1 Beginning inventory 6 Purchases 9 Sales Units Unit Cost Total Cost $55 47 $1,650 705 30 15 (35) 20 (25) 20 780 14 Purchases 20 Sales 28 Purchases 39 38 760 Determine the cost of goods sold and cost of ending inventory using FIFO Cost of Goods Sold Ending Inventory