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Mountain Country, inc. sells an Xpert skateboard that is popular with skateboard enthusiasts. The following information shows Mountain Country's purchases and sales of Xpert skateboards

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Mountain Country, inc. sells an Xpert skateboard that is popular with skateboard enthusiasts. The following information shows Mountain Country's purchases and sales of Xpert skateboards during November: Unit Unit Sales Date Explanation Units CostIPrice Price Nov. 1 Beginning inventory 31 $296 5 Purchases 23 301 12 Sales (41 ] 478 19 Purchases 42 306 22 Sales (48 ] 489 25 Purchases 34 311 41 Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Mountain Country uses a periodic inventory system. (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 per unit cost to 2 decimal places, e.g. 15.25.) FIFO Average Cost Cost of goods sold $ 26809 $ Ending inventory $ 12716

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