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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 February: Unit Sales Price Unit Units Cost Feb. 1 Beginning inventory 31 $297 22 302 Date Explanation 8 Purchases 15 Sales 19 Purchases 22 Sales 25 Purchases (41) $476 43 307 (47) 487 33 312 Screen Shot 2018-11-13 at 3.21.13 PM FI 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, eg. 5,275 and Average cost answers to 2 decimal places, eg. 15.25.) FIF0 Average Cost of goods sold $ Ending inventory $

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