Novak Furniture Ltd. uses a perpetual imventory system and has a beginning imventory, as at June 1. of 530 bookcases at a cost of $120 each. During June, the company had the following purchases and sales of bookcases: (a) Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for averuge cost cakulations. Round entwers to 2 decimal places eg 5.52) Grouper Corporation sells cocoa beans, which are sensitive to price fluctuations. The following inventory information is available for this product at June 30,2024 : (a) Calculate Grouper's inventory at the lower of cost and net realizable value. Inventory at the lower of cost and net realizable value On January 3, Martinez Corp. purchased three portable electronic keyboards for $589 each. On January 20 , it purchased two more of the same model keyboards for $492 each. During the month, it sold two keyboards: one that Martinez purchased on January 3 and one that it purchased on January 20 . (a) Calculate the cost of goods sold and ending imventory for the month using specific identification. Cost of goods sold $ Ending inventory